Reddit is hiring bankers and lawyers ahead of planned $15 billion IPO: report - NewsBreak

Reddit is looking to hire investment bankers and lawyers as part of its plans to go public early next year at a value of more than $15 billion, Reuters reported Thursday. Reddit most recently raised money in a private fundraising round in August at a valuation of $10 billion — meaning that an IPO at a valuation of $15 billion would represent a dramatic 50 percent increase in the company's valuation in just a matter of months.