By
Claudia Assis
San Francisco-based social-media company Reddit Inc. has picked Morgan Stanley and Goldman Sachs to help it go public as soon as March, according to a Bloomberg report late Friday that cited people with knowledge of the matter. The people said the company, home of meme-stock message board WallStreetBets and countless others, could be valued at as much as $15 billion in an initial public offering. Reddit announced in December it had confidentially filed for an IPO. The company was valued at around $10 billion after a funding round in August.
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About the Author
Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.
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Source: Marketwatch
