"Reddit's Upcoming IPO: Valuation, Stock Debut, and What to Know"
TL;DR
Reddit is preparing for an IPO that values the platform at up to $6.4 billion, with plans to list 22 million shares at a price between $31 and $34. Unlike traditional IPOs, Reddit will offer shares to its contributors, including Redditors and moderators, potentially leading to share-price volatility. The offering is only available to users who had established accounts as of January 1, 2024, and shares will be distributed based on users' contributions and moderators' actions on the platform.
Topics:businessbusiness-technology#business-technology#ipo#online-community#reddit#social-media#stock-market
- Reddit IPO: What to know as shares go up for public sale The Associated Press
- Reddit Needs to Be OK Being Reddit - WSJ The Wall Street Journal
- Reddit IPO to Raise up to $748 Million Through Stock Debut, With Valuation of up to $6.4 Billion Variety
- Stock futures, bitcoin's record high, Reddit IPO: 3 Things Yahoo Finance
- Reddit targets valuation of close to $6.5 billion in upcoming IPO CNBC
Want the full story? Read the original reporting
Read on The Associated Press