5 key things to know about Reddit (RDDT) IPO

Reddit (RDDT) Files for 22M Share IPO at $31-$34/sh

March 11, 2024 6:56 AM EDT

Reddit (NYSE: RDDT) has filed for 22,000,000 share IPO at $31-$34 per share. The company is offering 15,276,527 shares and the selling stockholders are offering 6,723,473 shares.

Morgan Stanley, Goldman Sachs, JP Morgan and BofA Securities will serve as lead underwriters.

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Reddit targets up to $6.4 billion valuation in much-awaited US IPO

March 11, 2024 6:14 AM EDT

By Niket Nishant, Manya Saini and Echo Wang

(Reuters) - Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering (IPO), the social media platform said on Monday, as it nears one of the most anticipated stock market debuts of the last few years.

The company, along with some of its existing investors, is targeting a sale of about 22 million shares, priced between $31 and $34 each, to raise up to $748 million.

The IPO, a major litmus test of investor appetite for new listings, will come more than two years after the... More

Reddit now looking at IPO valuation exceeding $7 billion - report

March 10, 2024 4:39 PM EDT

Reddit is aiming to raise up to $748 million as it finalizes plans for a public debut, according to Bloomberg News. The company plans to offer 22 million shares priced between $31 and $34 each.

Reddits IPO could value the internet business at more than $7 billion.

Reddit intends to reserve approximately 1.76... More

Reddit aims to raise $748 million in planned IPO, Bloomberg News says

March 10, 2024 3:49 PM EDT

(Reuters) - Media platform Reddit and its investors are seeking to raise as much as $748 million in its initial public offering, Bloomberg News reported on Sunday.

The company is planning a sale of 22 million shares at $31-$34 per share, Bloomberg reported, citing people familiar with the matter.

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