Seven Things to Know About Reddit’s Unusual IPO.

Reddit, the popular online discussion platform, is going public with an initial public offering (IPO) valued at up to $6.4 billion. This marks a unique move as Reddit plans to reserve 8% of its IPO shares for its most active users, including moderators. This breaks with traditional IPO practices where shares are typically sold to institutional investors and fund managers. Reddit's IPO is set to price between $31 to $34 per share, potentially raising up to $748 million. The company aims to list on the New York Stock Exchange under the ticker symbol "RDDT."

March 20, 2024
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