, Columnist
Reddit to the Moon Won’t Launch an IPO Boom
The chance of most unicorns getting to market is about as likely as finding a magical horned horse.
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Two knockout stock-market debuts by tech companies last week will boost confidence among others waiting for their chance to go public – and lift the hopes of investors in venture capital funds who’ve endured meager returns in the past couple of years.
But Reddit Inc. and Astera Labs Inc. don’t herald a blizzard of initial public offerings in 2024.