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Reddit IPO Planned For 2nd Half Of 2023

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Reddit Inc is planning to go public in the second half of 2023.

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Grocery delivery firm Instacart is also keeping its IPO paperwork up to date.

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Reddit has not yet commented on the report.

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The IPO market was slow last year due to a selloff in high-growth tech stocks and market volatility.

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Several high-profile listings were put on hold.

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In December 2021, Reddit filed confidentially for an IPO.

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Reddit's message boards became popular with day traders during the meme stock frenzy.

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The company is likely waiting for market conditions to improve.

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Reddit is expected to go public in the second half of this year.

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Instacart is also preparing for its IPO.

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