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Reddit is taking the unusual step of giving a portion of those users the opportunity to become shareholders by reserving 8% of its IPO shares, or 1.76 million shares, for its most loyal Redditors.
Eight percent (1,760,000 shares) of Reddit’s Class A common stock will be offered through this program to 75,000 eligible Reddit users and moderators, certain board members, and friends and ...
Reddit is now a publicly traded company, 19 years after it first went live. ... The company aimed to sell 15.3 million shares at $34 a pop to raise around $519.4 million. ... The sale’s ...
“In January 2024, we entered into certain data licensing arrangements with an aggregate contract value of $203.0 million and terms ranging from two to three years,” the prospectus reads.
Reddit’s IPO plans are coming into focus with a new S-1 filing released Monday morning that sets an initial price range for its stock at $31 to $34 per share.. If investors agree to pay its high ...
The filing also offers up new details about the inner workings of Reddit’s business. The company had 500 million visitors during the month of December and has recently averaged just over 73 ...
Shares purchased through the directed share program will not be subject to the terms of the lock-up agreement or market standoff restrictions. ... which formerly owned Reddit) owns 30.1% of ...
It aims to reserve an as-yet-undetermined number of shares for 75,000 of its most prolific so-called redditors when it goes public next month, the report said, citing people familiar with the matter.