Reddit (RDDT) Prices 22M Share IPO at $34/sh

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Go back to Reddit (RDDT) Prices 22M Share IPO at $34/sh

Reddit Announces Pricing of Initial Public Offering

March 20, 2024 5:45 PM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- Reddit, Inc. (Reddit) today announced the pricing of its initial public offering of an aggregate 22,000,000 shares of its Class A common stock, 15,276,527 of which are being sold by Reddit and 6,723,473 of which are being sold by certain selling stockholders, at a public offering price of $34 per share. Reddit will not receive any proceeds from any sale of shares by the selling stockholders. In addition, Reddit has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and... More