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Reddit chases a $6.5 billion valuation as the IPO is expected to price on Wednesday.
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,...
Reddit had an atypical offering, letting users participate in the IPO, whereas IPOs are almost always limited to connected insiders. Here’s what you need to know about Reddit’s unusual 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.
Reddit, whose stock is expected to begin trading on March 21, will extend up to 1.76 million shares, or 8% of the total shares available in the IPO, to its users at the anticipated IPO price of ...
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 ...
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 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 ...