Reddit isn’t looking at an IPO any time soon
Some have speculated that Reddit devised its new API policy because it’s preparing to launch an IPO in the near future. However, Huffman told NPR that taking Reddit public had nothing to do with the new fees, and that it’s not in the cards any time soon.
“It is essential for us to be a sustainable business, whether or not we go public,” Huffman said. “Now, we would like to be a public company. Not the best market to be doing that. It’s not top of our mind today as it has been in the past.”
Reddit filed paperwork for an IPO in 2021 but didn’t go through with its plan because of market conditions. Huffman said the company would “get there when we’re ready, when the market is ready.”
