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This move comes after the company delayed its IPO plans earlier due to market uncertainties triggered by Federal Reserve rate hikes. In December 2021, Reddit was targeting a $15 billion valuation, but market instability, highlighted by substantial losses in the Renaissance IPO ETF, forced a postponement.
With easing inflationary pressures and the possibility of Federal Reserve rate cuts on the horizon, major upcoming IPOs like those of Reddit and Shein could herald a broader resurgence within the capital markets sector.
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