Reddit finally filed for its long expected IPO.
With 800 million USD worth of revenue for 2023, net loss of 158.6 million USD for 2022 and 500 million users as of December 2023, Reddit's intrinsic worth is 16 billion USD, according to Wolfteam Ltd.'s projections and estimates.
Reddit in previous private market financing round was valued at 10 billion USD. Reddit is unprofitable, loss-making, but this could easily be mended with job cuts, more efficient operations, in Wolfteam Ltd.'s view.
Reddit's IPO could jump start the IPO market and many other technology companies may follow with IPOs of theirs.
This, on its turn, could propel technology stocks to even higher highs. Money will flow back to venture capital funds, which are sitting on paper profits, which will be monetized via potential IPOs and this money will several times again be recycled into new technology companies investments, which will move Silicon Valley and the rest of the technology world and technology stocks in particular into a mild hyper-drive.
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