3
Will Reddit IPO in 2023?
104
closes 2024
48%
chance

Resolves YES if in 2023 Reddit goes public, otherwise NO. Going public may include IPO, direct listing, SPAC, etc.

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Gigacasting avatar
Gigacastingis predicting NO at 54%

Ideal time to IPO before it goes to zero

NicholasKross avatar
Nicholas Kross

If Reddit IPOs in 2023, will its valuation be >= $6B?
If Reddit IPOs in 2023, will its valuation be >= $6B?
50% chance. Conditional on https://manifold.markets/jack/will-reddit-ipo-in-2023 ”$6B” (6 billion nominal USD at time of IPO) anchor number from https://markets.businessinsider.com/news/stocks/reddit-revives-ipo-plans-go-public-lower-valuation-meme-stocks-2023-2 [link preview]
ByrneHobart avatar
Byrne Hobartbought Ṁ100 of YES

From a GQ article last month: https://www.gq-magazine.co.uk/lifestyle/article/steve-huffman-reddit-ceo-interview

>The sprightly 39-year-old is talking to us on a dreary London day, just a few weeks before he’s due to be married and hours before he’s jetting off to a blockchain conference in Paris – seemingly with the intention of shitposting as many crypto bros in-person as possible. Once that’s all done, Reddit is finally growing up and going public, just as Facebook (which was founded a year earlier in 2004) did way back in 2012. “We wanted to IPO the company last year, and the market has not been great,” he says.

Later:

>While an imminent IPO represents the culmination of this eight-year redemption arc, Huffman still hasn’t lost his edge, not least when it comes to TikTok.

Why Reddit CEO Steve Huffman is finally going public – and thinks TikTok should be banned
Why Reddit CEO Steve Huffman is finally going public – and thinks TikTok should be banned
Reddit CEO Steve Huffman is about to see the company he founded 17-years-ago grow up and go public. First, he has some thoughts to share on teetolism, the Twitter Files and TikTok
ScipioFabius avatar
Scipio Fabiusbought Ṁ50 of YES

@ByrneHobart Are there really any tangable reasons this wouldn't happen this year? Would expect to see this market higher

palcu avatar
Alex Palcuieis predicting NO at 53%

@ScipioFabius sorry to be on the other side of the trade, but the first rate cut is priced now in Nov this year. And we'll be going by then through a bunch of restructuring for companies that have too much debt.

Everybody is looking for Stripe or Bytedance to IPO and since the first one just raised a round, they can wait till H1 2024 for lower interest rates to permeate and sell high.

I can't see Reddit or FWIW a medium unicorn IPO this year, unless they are forced to raise capital. But the private markets for tech companies haven't puked like in 2001.

Odoacre avatar
Odoacre

Is announcing the IPO enough or do they need to end up being listed during 2023?

MattCWilson avatar
Matt C. Wilsonis predicting NO at 31%

@Odoacre Sounds like the latter, but this is a great question for getting clarity

jack avatar
Jackis predicting YES at 31%

This is about when they are publicly listed.

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