According to my previous post, Redbox said they would file for IPO by the end of Q2 of this year. However, with June ending over a week ago, there has been no word on an IPO filing.
Redbox will not comment on their IPO plans, which is normal just before an IPO is filed, but we have to wonder what is going on, and when the IPO will happen.
The reason they have not filed is likely due to bad market conditions right now, which would force them to keep their offering price low. That would be great for those of us who would like to invest, but not so great for Redbox’s valuation.
Redbox is growing quickly, and I have no doubt they will continue to do so, but I do hope they get their IPO moving sooner rather than later.