Reddit, touted as the front page of the internet and symbolizing the valiant ascent of user-generated content, is considering a valuation of at least $5 billion, according to a Bloomberg report that cites those in the know.

The company, emboldened by its meteoric rise, is looking for a valuation of mid-single-digit billions in a debut that portends ripples across Wall Street. If the stars align, the grand premiere could grace us as soon as March, as reported by Bloomberg.

The fate of this mammoth valuation will likely hinge upon the capricious ebb and flow of the new-issues market and the precise timing of the deal.

In the annals of finance, Reddit was previously anointed with a lofty valuation of about $10 billion in a funding round in 2021. Now, as it gears up for its Wall Street debut, the company has its sights set on offering about 10% of its shares in the IPO, according to a Reuters report.

Back in March 2022, the social media behemoth had already commenced the process of selecting banks to spearhead its momentous IPO. Alas, its grandiloquent plans were unceremoniously thwarted by the Federal Reserve’s rate hikes and a risk-off market sentiment that engulfed the financial world.

In the fiercely competitive arena of social media, Reddit is the valiant David pitted against the Goliaths of social media attention such as Tumblr, Quora, Instagram and the Colossus of Menlo Park, Facebook, owned by Meta Platforms (META). Not to forget, it squares off against the ByteDance (BDNCE)-owned TikTok and X, formerly known as Twitter.

The company, propelled by its ambitions and steered with unwavering tenacity, intends to make its public filing in late February, titillate potential investors with a mesmerizing roadshow in early March, and gracefully wrap up the IPO extravaganza by the end of March, heralding the company’s grand foray into the public markets, as heralded by Reuters.