"Reddit's $6.4 Billion IPO: A WallStreetBet Comeback"
TL;DR Summary
Reddit plans to launch its initial public offering (IPO) with a valuation of up to $6.4 billion, offering 22 million shares at a price range of $31 to $34 a share. The company aims to raise up to $748 million and list on the New York Stock Exchange under the symbol “RDDT.” Despite being loss-making, Reddit's IPO includes selling shares from its co-founder and chief executive, as well as setting aside shares for its users and moderators based on their contributions to the platform.
- Reddit launches IPO at a valuation of up to $6.4 billion MarketWatch
- Reddit IPO: How the Company's Own 'WallStreetBet' Stacks Up The Wall Street Journal
- Reddit: Return Of The Junk Stock IPO Forbes
- Reddit IPO (RDDT) Launches With $748 Million Target Bloomberg
- Reddit to raise nearly $750 million in upcoming IPO CNBC
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