Reddit is looking for investment consultants

Reddit is looking for investment consultants and lawyers to prepare for an IPO in New York, Reuters reports citing two sources familiar with the company's plans.

During the last round of financing, the company received an estimate of $ 10 billion. According to one of the sources of the publication, by the time IPO, Reddit hopes to get an estimate of $ 15 billion at the beginning of the next year.

The history of the influence of the forum on the stock market has become one of the most high -profiles last year. At the beginning of the year, Reddit users declared a war against the “collapsed with Wall Street”, dispersing the shares of companies on the fall of which hedge funds were put. In February, investors with Reddit dispersed silver quotes to many months of maximums.

However, the IPO can follow the phenomenon of “sofa investors”, since access to the exchange will lead to control by American regulators.

Find out more

About the story with the Battle of Gamestop, when the army of investors from Reddit raised the capitalization of a dying company to $ 7 billion and forced large hedge funds Wall Street to fix losses on shorts, we talked here . About where private investors came from crazy money for high -handed assets, you can read here .