Private Equity
March 14, 2024 8:15 AMReddit is expecting to break even in 2024.: Reddit is telling potential investors in its initial public offering (IPO) that it expects revenue in 2024 to grow by more than 20 per cent versus the previous year, according to a person familiar with the situation. The social media company gave guidance at a roadshow event that it was set for a similar revenue trajectory to what it saw in 2023, the person said. Revenue in 2023 grew to US$804 million (S$1.07 billion), according to its filing with the United States Securities and Exchange Commission.

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