Online social platform, Reddit, is reportedly being encouraged by potential investors to aim for a valuation exceeding $5 billion in its impending initial public offering (IPO). As per a report from Bloomberg on Sunday, Reddit could go public as soon as March. The success of the IPO, however, will hinge on the state of the IPO market, which has experienced difficulties in recent years. While Reddit’s current private market valuation is estimated to be below the $5 billion mark, there were hopes in late 2021, when the company first began preparing for its IPO, that it could reach as high as $15…