wiggle

The long-running dearth of IPOs could be coming to a close, partly due to Reddit’s upcoming public debut. Expected to list this month, Reddit saw its valuation soar during the pandemic. If Reddit’s IPO does well, it could wiggle open the public-offering window just a little bit wider than we’ve seen in quarters and quarters. Of course, the public offering could also fizzle out like an unpopular opinion downvoted to hell on the site. But with an AI-friendly growth story to tell, Reddit may have timed its ramp towards the public markets just right.