eminently

With governments tightening the screws on Big Tech companies trying to buy smaller firms, a key exit avenue could be closed to startups in the near term. That fact makes Reddit feeling out its own IPO valuation all the more important. What could help tech companies avoid another 2023 (a year that had precious few public debuts) is a massive, winning public offering. Too high, and the stock could lose ground from its IPO price. But private tech companies want good IPO news that sticks, and public market investors won’t gain confidence if Reddit clears a bar that it set too low.