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Companies are going public again after a dearth of IPOs in 2023, and one of the biggest and most interesting to join the pack is Reddit.Long known as the "front page of the internet," Reddit is ...
IPO day was 'so Reddit,' employees said. Reddit employees gather at the New York Stock Exchange for listing day. NYSE: RDDT "Getting Snoo (the company's mascot) to ring the bell (rather than our ...
Shein, Reddit IPO moves show investors like risk again. Josh Schafer. ... surging more than 70% in the last month while the price of Bitcoin is up about 10%. Bruun expects IPOs to similarly ...
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,...
Following the IPO, Reddit has a strong balance sheet, an important feature considering its inability to turn a profit so far. The company has nearly $1.5 billion in cash and equivalents, against ...
For instance, Reddit's IPO was priced at a valuation near $6.5 billion, down from its $10 billion private valuation in 2021. Valuation drops from prior funding rounds also occurred for Instacart ...
Reddit is going public, having filed for an initial public offering (IPO) with the Securities and Exchange Commission on Feb. 22. This will be the first major tech IPO of the year and the first ...
This includes Sam Altman, CEO of OpenAI, who will have 9.1% voting power after the Reddit IPO, while his shares (789,456 Class A and 11.4 million Class B) could be valued at $413.4 million if ...