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

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

5 key things to know about Reddit (RDDT) IPO

March 12, 2024 10:10 AM EDT

Reddit, the prominent social media platform, is setting its sights on a valuation of up to $6.4 billion, the company revealed on Monday. Here are five key things to know:

Things to Know About the Reddit IPO

1. RDDTs IPO Date Reddit is set to go public on the New York Stock Exchange on March 21, 2024, trading under the ticker symbol RDDT. Generally, shares that make their public stock market debuts start trading between 10 AM - 2 PM ET.

2. Shares Offered Reddit is targeting the sale of approximately 22 million shares, with the company offering 15,276,527 shares... More