Reddit seeks 65 billion valuation in IPO The company hopes to raise up to 748 million when it goes public by selling. Web The social media site now has over 73 million active daily users it said in its IPO filing Reddit pulled in 804 million in revenue in 2023 up 21. Web Reddit made its long-awaited stock market debut on Thursday and it wasnt long before interest in the nearly 20-year-old social media company. Reddit hosts more than 100000 active communities and entertains 73 million daily active unique visitors. Web In its original IPO filing last month Reddit reported 2023 revenue of 8040 million up 21 year over year and a net loss of 908 million in 2023. Will Reddit finally go public this year. Web In its IPO filing last month Reddit revealed that revenue had grown by about 21 last year while its net loss at the end of 2023 was 908 million. Web Reddit reported a net loss of 908 million in 2023 However the company said its sales are growing revenue jumped 21 year-over-year in. Web March 11 2024 at 839 PM 6 min read Reddit Launches Long-Awaited IPO With 748 Million Target. Web Feb 14 Reuters - Social media platform Reddit Inc is looking to go public later this year likely in the second half the Information reported on Tuesday citing..
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WEB Altman owns 122 million shares of Reddit stock according to the companys IPO disclosures By the tech industrys standards Reddit remains. WEB Reddit one of the original social media companies is finally making its debut on the New York Stock Exchange more than a decade after. WEB It was valued at 10 billion in August 2021 as near-zero interest rates caused a surge of animal spirits before the Federal Reserve began. WEB NEW YORK March 17 Reuters - Reddits RDDTN opens new tab initial public offering is currently between four and five times. WEB Shares of Reddit soared as much as 54 in their first day of trading on Thursday afternoon reaching 5229 Thats far above the top of the 34 IPO..
Reddit today announced the pricing of its initial public offering of an aggregate 22000000. Shares Pop 48 in First Day of Trading Internet Company Nets 519 Million. Web Reddit the 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at. Web The companys IPO is currently seeking to raise as much as 748 million. Web Social media platform Reddit priced its initial public offering at the top of its targeted range of 31 to 34 per. Web The 34 price put Reddits value at 64 billion below the 10 billion valuation it fetched in a private fund. Web Reddit priced its long-awaited IPO on Wednesday selling shares at 34 each valuing the social. Web Reddit prices IPO at 34 per share..
Reuters
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