There’s definitely an IPO in BuzzFeed’s future

BuzzFeed has come a long way in the nearly ten years since it was founded, having risen to become a global media and technology powerhouse. With more than 1,000 employees and more monthly readers than we can count, it shouldn’t come as a surprise that CEO Jonah Peretti definitely sees an IPO in the company’s future, although we have no idea when to expect the company to go public. 

You may want to prepare for a new kind of BuzzFeed listicle: “11 Awesome Things to Expect at BuzzFeed’s Next Earnings Call.” BuzzFeed, which has established itself as a media powerhouse with more than 1,000 employees and hundreds of millions of monthly readers, has an IPO in its future, according to CEO Jonah Peretti. He didn’t share a time table for an IPO, but BuzzFeed appears to be putting its ducks in a row. “We’re very focused on building out internationally, we’re very focused on building out across multiple different platforms, we’re very focused on building out our video business,” Peretti said at Code Conference Wednesday morning. “That will give us a diversification… to allow us to build a big independent company with much more predictability and things that would allow us to be a pubic company.” Peretti was joined onstage by BuzzFeed Editor-in-Chief Ben Smith Wednesday at Re/code‘s annual Code Conference at the Terranea Resort in Rancho Palos Verdes, Calif.

By Carl Durrek

Carl is a gaming fanatic, forever stuck on Reddit and all-around lover of food.

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