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Reddit tapping Goldman Sachs, Morgan Stanley for IPO

by Mike Robinson

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© Reuters. FILEPHOTO: Reddit’s app can be seen on a phone in this illustration from July 13th, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters] – Reddit Inc’s social media platform, Reddit Inc., whose message board became the center of meme stock trading frenzy 2021, has begun tapping Wall Street banks Goldman Sachs Group (NYSE: Morgan Stanley Bloomberg News, reporting on Friday that it had completed its first public offering (NYSE:), cited people familiar with the matter.

Sources previously revealed to Reuters that Reddit aims for a valuation exceeding $15 billion when it flots.

Reddit has not yet responded to Reuters’ request for comment.

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