Reddit and other firms including grocery delivery firm Instacart are keeping their initial public offering paperwork up to date, in preparation for their debuts when market conditions improve, the report added. Reddit did not immediately respond to Reuters' request for comment.
The IPO market had come to a virtual standstill last year
with several high-profile listings on ice as a selloff in
high-growth tech stocks and volatility in the capital markets
soured investor sentiment.
In December 2021, Reddit had confidentially filed for an
initial public offering with the U.S. securities regulator,
after the company's message boards became the go-to destination
for day traders during the meme stock frenzy.
(Reporting by Manya Saini in Bengaluru; Editing by Krishna
Chandra Eluri and Shinjini Ganguli)
