Reddits filing comes amid a slump in the wider IPO market as Wall Street hopes that a blockbuster listing. Reddit and selling shareholders aim to raise about 750 million as part of the companys. In a regulatory filing on Monday Reddit said it will sell about 153 million shares priced about 31 to 34. Reddits more than two-year slog to listing reflects the ups and downs of the market beginning with its initial. February 22 2024 Reddit Inc. Reddits more than two-year slog to listing reflects the ups and downs of the. The company said in a regulatory filing that the IPO will include 22 million shares of Class A common. Reddit filed for initial public offering IPO on Thursday The SEC filing revealed the companys recent. Buy Sell SharesPrivate Market Trends..
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Web The company plans to sell about 22 million shares between the range of 31 to 34 per share Investors are closely watching Reddits IPO. Web What Is the Reddit IPO Price Range Priced between 31 and 34 per share. Web Reddit along with some existing stockholders plans to offer 22 million shares of the companys Class A stock meaning the IPO could raise as. Web The Reddit IPO will aim to raise almost 750 million Reddit plans to offer 22 million shares at between 31 and 34 per share. On Monday said it plans to offer 22 million shares at a price range of 31 to 34 a share in the closely watched initial public offering for the..
Reddit along with some existing stockholders plans to offer 22 million shares of the companys Class A stock meaning the IPO could raise as. Based on the top end of its estimated price range of 34 a share Reddit would have a market capitalization of about 55 billion. Reddit the social media company known for hosting web forums on topics from the mainstream to the extremely obscure aims to raise up to. Reddit is aiming for a valuation of up to 64 billion in its US Initial public offering IPO the social media platform said on Monday as it. At those terms the IPO would raise between 682 million and 748 million at a fully diluted valuation of between 58 billion and 64 billion..
Techcrunch
Investors are closely watching Reddits IPO which will be this years first major tech debut and the first social media IPO since Pinterest went. Reddit recorded annual sales of 804 million in 2023 up from 6667 million in 2022 according to a regulatory filing. Reddit isnt the first company to offer this kind of share-purchasing incentive to users When Airbnb went public in 2020 it offered some US. The Reddit IPO date has not yet been announced According to Reuters the company is targeting a public filing in late-February followed. In its original IPO filing last month Reddit reported 2023 revenue of 8040 million up 21 year over year and a net loss of 908 million in 2023 compared with a..
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