Popular website BuzzFeed plans to go public next year, according to multiple media reports.
NBCUniversal has been investing in the digital news and entertainment site — soon, it sounds like you can too. The Comcast company gave $200 million to BuzzFeed last summer, and another $200 million in the fall. At the time, that valued the consumer-friendly website at $1.7 billion.
By the way, NBCU is the same company that threw quite a bit of money at Snap Inc., which recently had its own initial public offering. Steve Burke’s firm invested $500 million in the Snapchat parent’s IPO — that turned out to be a pretty good buy.
Snap’s IPO was priced at $17 per share, which translated to a whopping $24 billion valuation. The stock price began trading on the open market around $24, reaching as high as $27.09 by Day 2. SNAP has since come back down to earth a bit, and is currently available for about $22 per share. Burke said his company planned on holding it’s Snap Inc. shares for a while.
The global company currently has more than 18 offices and 1,300 employees.