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coinpedia 2024-03-18 14:28:49

Reddit Sets IPO Price, Valuation Hits $6.4 Billion: What to Expect

The post Reddit Sets IPO Price, Valuation Hits $6.4 Billion: What to Expect appeared first on Coinpedia Fintech News As Reddit gears up for its IPO, the crypto community anticipates a surge in altcoin markets. Reddit’s strong FY2023 performance, with sales over $800 million and assets totaling $1.6 billion, including $1.3 billion in cash reserves, underscores its significance. Additionally, Reddit’s crypto holdings in Bitcoin, Ethereum, and MATIC highlight its growing involvement in the cryptocurrency …

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