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Reddit IPO reveals the reality check for Silicon Valley
Reddit上市揭示了硅谷面临的现实考验

Companies and their backers are starting to show more signs of acceptance of valuation cuts in ‘down round’ financing
越来越多的迹象显示,企业及其支持者开始接受“降轮”融资中估值的下调。
Reddit is expected to list shares on the New York Stock Exchange next week at a sharp discount to its most recent valuation as a private company of $10bn

When Reddit lists on the New York Stock Exchange next week, the social media platform is expected to carry a valuation of up to $6.4bn — well down on the $10bn it was worth in 2021. It will be the first high-profile tech start-up to list since Instacart, which was valued at $10bn in its initial public offering in September, just a quarter of the eye-watering valuation placed on it by investors in 2021.

Reddit预计下周在纽约证券交易所上市,这个社交媒体平台的估值可能高达64亿美元,相比之下,2021年的估值为100亿美元。这将是继Instacart之后首个高调上市的科技初创企业,Instacart在去年9月的IPO中估值为100亿美元,仅是2021年投资者给出的高估值的四分之一

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