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Reddit chases a $6.5 billion valuation as the IPO is expected to price on Wednesday. ... CEO of OpenAI, who will have 9.1% voting power after the Reddit IPO, while his shares (789,456 Class A and ...
Reddit stock soared on its first day of trading, ending the day up nearly 50% from its initial public offering price of $34 a share.The stock closed at $50.44 on Thursday, up 48% from the IPO ...
Reddit CEO Steve Huffman earned $17 million in the IPO through the sale of 500,000 shares; the remaining 4.17 million shares he directly owns are subject to the lockup restriction.
In an exciting move in the world of finance, social network Reddit is expected to issue its initial public offering with a total valuation of $6.5 billion. The company tried to go public in 2021,...
The IPO valued Reddit at $6.4 billion, while the company and its selling shareholders raised $748 million. ... (Reuters) -Reddit's shares opened 38% above the offer price when they started trading ...
On Monday, in an update to its S-1 filing with the SEC, Reddit said the company and its investors will offer 22 million shares, expected to be listed at an IPO price of between $31 and $34 per share.
To tap retail investors, Reddit reserved 8% of the total shares on offer for eligible users and moderators on its platform, certain board membe Reddit prices IPO at top of indicated range to raise ...
Reddit plans to list 22 million shares at a price between $31 and $34, according to the latest version of the IPO prospectus it filed with the Securities and Exchange Commission. The company ...