When Jason Citron started the company that would later become Discord back in 2012, he never intended to build a communications platform for gamers. Now, Reddit is looking to go public as soon as March, and expects the IPO will value the company in excess of $15 billion. By 2017, Reddit was worth over $1.8 billion, and at its latest fundraising round in August, it raised further funds at a $10 billion valuation. He sold the site just 16 months later to Condé Nast for $10 million, but rejoined the company in 2014.
The platform was founded in 2005 by Alexis Ohanian, and was built out of his dorm room at the University of Virginia. Of course, there are also the weird ones, such as r/SubredditSimulator, r/FifthWorldProblems and r/BreadStapledToTrees. There’s everything from mainstream subreddits like r/TodayILearned and r/EyeBleach, to more niche circles like r/MovingToJapan and r/SnackExchange. The platform is organized around subreddits, which are communities of Redditors that coalesce around a certain topic or area of interest. RedditĪmong social networks, Reddit is unique. Impossible Foods’ CEO and former Stanford biochemistry professor Patrick Brown calls the public offering “inevitable”, and it is projected that the company will offer its shares to the public at a valuation of over $10 billion. With the Impossible burger converting even the most die-hard carnivores across the country, it’s no surprise that the company is eyeing a 2022 IPO. The Impossible Burger has also made its way onto the menu at other establishments, like White Castle, Red Robin and the Cheesecake Factory.Ĭustomers interested in grilling their own burgers can even buy uncooked Impossible patties at major grocery stores nationwide at retailers like Target, Walmart and Kroger. Ubiquitous fast food chain Burger King was one of the first to partner with Impossible Foods, creating the Impossible Whopper, which diners say taste as flame-broiled and meaty as its classic cousin. Remarkably, the plant-based patty is nearly indistinguishable from beef, and restaurants have been quick to notice. Impossible Foods’ flagship product is the Impossible Burger, a meat-less burger made from soy protein, vegetable oils, heme (from yeast) and starch. When rival plant-based food producer Beyond Meat went public in May 2019, investors knew that Impossible Foods’ IPO became a question of if-not when.
Now, more than half a year later, the company is rumored to be worth at least $15 billion and is projected to go public later this year at an even higher figure. In April 2021, Plaid raised $425 million at a $13.4 billion valuation-more than double what Visa would have paid for the company. Department of Justice filed an antitrust lawsuit against the card network.īut Visa’s loss was a boon for Plaid. In early 2020, Visa announced that it would acquire Plaid for $5.3 billion, only to call off the deal towards the end of the year after the U.S. Plaid is the reason you’re able to link your bank account with crypto app Coinbase, pay your friends using Venmo and transfer money into your brokerage account at Robinhood. The company’s data transfer network allows FinTech applications to interact securely with users’ financial accounts, and its infrastructure powers more than 4,500 leading platforms. PlaidĮven if you’ve never heard of Plaid before, you’ve certainly used it. In this article, we’ll take a closer look at ten of the most anticipated IPOs of 2022 and examine what the investor interest is all about. Many high-growth startups are gearing up to make their debuts as public companies within the next twelve months, with some even planning to go public as soon as February. Luckily for those who haven’t yet had their fill, 2022 looks to be just as exciting for initial public offerings as the last one was, if not even more. Over 1,000+ companies went public in 2021, including electric carmaker Rivian, online course provider Udemy, retail trading platform Robinhood and virtual gaming universe Roblox. But it’s the IPO crowd who arguably had the most eventful year.
Last year was an exhilarating time for nearly all public market investors, who witnessed both the rapid melt-up of meme stocks and the similarly swift implosion of the now-infamous Archegos. Here are 10 of the hottest within the cohort. 2022 will see some of the fastest-growing, most innovative companies in the world go public.
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