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Briefing

The Briefing: Reddit Reportedly Plans IPO, Iconiq Eyes SPAC Deal, And More

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Here’s what you need to know today in startup and venture news, updated by the ½ûÂþÌìÌà News staff throughout the day to keep you in the know.

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Reddit reportedly planning big IPO

Online discussion form is talking to investment banks and attorneys in preparation for a potential IPO in coming months, according to a Reuters citing unnamed sources.

The company was reportedly valued around $10 billion in a private funding round last month. As a public company, Reddit is said to be seeking a valuation of more than $15 billion.

Founded in 2005, Reddit has raised at least $1.3 billion in known funding to date, per ½ûÂþÌìÌà data, with the majority of investment occurring over the past two years.

Chinese EV maker Iconiq mulls SPAC listing

China-based electric vehicle maker is in talks about potentially going public through a merger with a blank-check acquirer, according to a Bloomberg citing unnamed sources. A deal could reportedly value the combined company at around $4 billion.

Funding rounds

Sunday raises $45M Series B: Bangkok-based , a tech-focused provider of insurance policies and underwriting, raised $45 million in a Series B financing backed by , , , , Ìý²¹²Ô»å .

—  Joanna Glasner

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