Last week, Bloomberg reported that social media company Reddit was holding talks with potential investors for an initial public offering (IPO) next year. However, things changed when the Federal Reserve announced it would raise interest rates to fight off inflationary pressures, resulting in volatile stock markets that had many IPO candidates retreating to the sidelines. Inflationary pressures have retreated from their high in 2022, and many are optimistic that the Fed can achieve a "soft landing" or bring down inflation without inducing a recession.