Reddit's first release The offering prospectus released last week has reignited rumors that IPOs could increase this year. At least 16 tech companies could make their stock market debut in the next 10 months, according to The Information's Tech IPO Tracker. In another sign of increased activity, artificial intelligence hardware startup Astera Labs released an IPO prospectus in the days before Reddit released its own IPO prospectus.
Lise Buyer, founder of IPO advisory firm Class V Group, said she wouldn't be surprised if Reddit listed stocks this month, noting that companies generally file IPO documents publicly within 30 days of an offering. Several other IPO contenders will likely pay close attention to how Reddit prices its offering and how the stock trades in its first few days, she said.
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