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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 ...
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 ...
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 ...
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 ...
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,...
At its debut in March, Reddit’s IPO started at $34 per share, after reaching a high of $50.44 at close of market that day — and was sitting at around $46 on Thursday. Reddit’s IPO could ...
Reddit, which revealed a net loss of $90.8 million in its IPO filing on Thursday, is more akin to the swaths of high-growth, money-losing companies that went public two years ago. It has ...
Reddit, which filed confidentially for its IPO in December 2021, is planning to make its public filing in late February, launch its roadshow in early March, and complete the IPO by the end of ...