A literal meme inventory might quickly be on the best way.

Reddit, the favored social sharing platform, has plans to go public later this 12 months, in response to a report(Opens in a brand new tab) in The Info.

Again in late 2021, Reddit first began making strikes to file for an IPO at a $15 billion valuation. Nonetheless, many elements — amongst them the fluctuating markets, inflation, excessive rates of interest, and a downturn particularly amongst tech shares — put Reddit’s aspirations to go public on maintain in 2022.

Nonetheless, in response to this newest report, Reddit now has its sights set on going public within the second half of 2023, albeit at a a lot decrease valuation. The corporate was just lately valued at $6.6 billion by Constancy.

If and when Reddit does hit the inventory market, will probably be fascinating to see what its customers do. The meme inventory development of 2021 kicked off on Reddit with the subreddit r/WallStreetBets encouraging its members to spend money on corporations like GameStop and AMC. (And, after all, it needs to be famous that whereas some folks(Opens in a brand new tab) did make out with some huge cash investing in shares based mostly on what different social media customers are shopping for up, it did not work out(Opens in a brand new tab) for the overwhelming majority of individuals.)

The meme inventory craze did not finish in 2021 both…not less than not on Reddit. For instance, Reddit customers had been nonetheless pumping shares like Mattress Bathtub & Past simply final summer season. 

Will Redditors flip Reddit, the meme inventory creation platform, right into a meme inventory itself? It appears to be like like we’ll discover out later this 12 months.