Reddit is aiming for a valuation of up to 64 billion in its US Initial public offering IPO the social media platform said on Monday as it nears one of the most-anticipated. On Monday in an update to its S-1 filing with the SEC Reddit said it will offer 22 million shares expected to be listed at an IPO price of between 31 and 34 per share. Reddit said it had 804 million in annual sales for 2023 up 20 from the 6667 million it brought in the previous year according to the filing. At those terms the IPO would raise between 682 million and 748 million at a fully diluted valuation of between 58 billion and 64 billion The proposed market cap would be. Reddit anticipates that the IPO will be priced between 31 28 and 34 31per share As a comparison Facebooks shares cost 38 35 when the company went public in 2012 the..
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Based on the top end of its estimated price range of 34 a share Reddit would have a market capitalization of about 55 billion Why Reddits IPO could offer an unprecedented twist. At those terms the IPO would raise between 682 million and 748 million at a fully diluted valuation of between 58 billion and 64 billion The proposed market cap would be. Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up The company plans to trade on the New. The Reddit IPO is arguably the most anticipated initial public offering IPO of 2024 so far The social media company filed its IPO paperwork in late February with plans to price its. Reddit will trade on the NYSE under the ticker RDDT According to the WSJ Reddit plans to reserve shares for 75000 top users to buy stock at the IPO price..
Based on the top end of its estimated price range of 34 a share Reddit would have a market capitalization of about 55 billion Why Reddits IPO could offer an unprecedented twist. At those terms the IPO would raise between 682 million and 748 million at a fully diluted valuation of between 58 billion and 64 billion The proposed market cap would be. Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up The company plans to trade on the New. The Reddit IPO is arguably the most anticipated initial public offering IPO of 2024 so far The social media company filed its IPO paperwork in late February with plans to price its. Reddit will trade on the NYSE under the ticker RDDT According to the WSJ Reddit plans to reserve shares for 75000 top users to buy stock at the IPO price..
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Reddit is aiming for a valuation of up to 64 billion in its US Initial public offering IPO the social media platform said on Monday as it nears one of the most-anticipated. On Monday in an update to its S-1 filing with the SEC Reddit said it will offer 22 million shares expected to be listed at an IPO price of between 31 and 34 per share. Reddit said it had 804 million in annual sales for 2023 up 20 from the 6667 million it brought in the previous year according to the filing. At those terms the IPO would raise between 682 million and 748 million at a fully diluted valuation of between 58 billion and 64 billion The proposed market cap would be. Reddit anticipates that the IPO will be priced between 31 28 and 34 31per share As a comparison Facebooks shares cost 38 35 when the company went public in 2012 the..
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