Reddit IPO

Extracted Attributes

• Exchange

  New York Stock Exchange (NYSE)

• IPO Price

  $34 per share

• Ticker Symbol

  RDDT

• Initial Valuation

  $6.4 billion USD

• Total Shares Offered

  22,000,000 shares

• Primary Shares Sold by Reddit

  15,276,527 shares

• Employee Count (December 2023)

  2,013

• Market Capitalization (July 2024)

  $10 billion USD

• Secondary Shares Sold by Stockholders

  6,723,473 shares

• Daily Active Moderators (December 2023)

  60,000

Timeline

• Reddit is founded by Steve Huffman and Alexis Ohanian. (Source: Wikipedia)

  2005-06-01

• Condé Nast Publications acquires Reddit. (Source: Wikipedia)

  2006-10-01

• Reddit files a confidential draft IPO prospectus seeking a $15 billion valuation. (Source: Investopedia)

  2021-12-01

• Reddit publicly files its IPO prospectus with the SEC. (Source: CNBC)

  2024-02-22

• Reddit prices its IPO at $34 per share. (Source: Investopedia)

  2024-03-20

• Reddit begins trading on the New York Stock Exchange under the ticker RDDT. (Source: Wikipedia)

  2024-03-21

• Reddit's market capitalization reaches $10 billion. (Source: Wikipedia)

  2024-07-01

Reddit

Reddit ( RED-it, formerly stylized in lowercase) is an American proprietary social news aggregation and forum social media platform. Registered users (commonly referred to as "redditors") submit content to the site such as links, text posts, images, and videos, which are then voted up or down ("upvoted" or "downvoted") by other members. Posts are organized by subject into user-created boards called "subreddits". Submissions with more upvotes appear towards the top of their subreddit and, if they receive enough upvotes, ultimately on the site's front page. Reddit administrators moderate the communities. Moderation is also conducted by subreddit-specific moderators, who are unpaid volunteers. It is operated by Reddit, Inc., based in San Francisco. As of December 2025, Reddit is the sixth or seventh most-visited website in the world. According to data provided by Similarweb, 51.75% of the website traffic comes from the United States, followed by Canada at 7.01%, the United Kingdom at 6.97%, Australia at 3.97%, Germany at 3%, and the remaining 28.37% split among other countries. Reddit was founded by University of Virginia roommates Steve Huffman and Alexis Ohanian in June 2005, who were joined by Aaron Swartz that November. Condé Nast Publications acquired the site in October 2006. In 2011, Reddit became an independent subsidiary of Condé Nast's parent company, Advance Publications. Reddit debuted on the stock market on the morning of March 21, 2024, with the ticker symbol RDDT. The current market cap as of July 2024 is US$10 billion. Reddit has been noted for its role in political activism, particularly in the United States, with notable left-wing and anti-theist subcultures on the website. It has received praise for many of its features, such as the ability to create several subreddits for niche communities. It has been criticized for the spread of misinformation and its voting system which can encourage online echo chambers.

Web Search Results

• Reddit Announces Pricing of Initial Public Offering

  SAN FRANCISCO--(BUSINESS WIRE)-- Reddit, Inc. (“Reddit”) today announced the pricing of its initial public offering of an aggregate 22,000,000 shares of its Class A common stock, 15,276,527 of which are being sold by Reddit and 6,723,473 of which are being sold by certain selling stockholders, at a public offering price of $34 per share. Reddit will not receive any proceeds from any sale of shares by the selling stockholders. In addition, Reddit has granted the underwriters a 30-day option to

• Reddit files to list IPO on NYSE under the ticker RDDT - CNBC

  Reddit said that its non-employed moderators, known as Redditors, can participate in the company's IPO offering through its "directed share program." Because of this, Reddit said there's a possibility of "individual investors, retail or otherwise constituting a larger proportion of the investors participating in this offering than is typical for an initial public offering." Reddit said it had an average of more than 60,000 daily active moderators in December 2023. [...] 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 York Stock Exchange under the ticker symbol "RDDT." Its market debut, expected in March, will be the first major tech initial public offering of the year. It's the first social media IPO since Pinterest went public in 2019. [...] Reddit first filed a confidential draft of its public offering prospectus with the Securities and Exchange Commission in December 2021. The company has an employee headcount of 2,013 as of December 31, 2023, which was up from 1,942 during the previous year.

• Reddit prices IPO at $34 per share, valuing company ...

  Reddit pops as much as 70% in NYSE debut after selling shares at top of range How Reddit's IPO could boost these 2 key businesses at Morgan Stanley FTC conducting inquiry into Reddit’s AI data-licensing practices ahead of IPO Reddit investor Tom Sosnoff says IPO could benefit from being the only ‘pure social media’ stock [...] Reddit's public market debut on Thursday, under ticker symbol "RDDT," will be the first for a major social media company since Pinterest's debut in 2019 and one of the very few venture-backed tech deals of the past two years. Reddit sold 15.28 million shares in the offering, while existing shareholders sold another 6.72 million. [...] The trading floor of the New York Stock Exchange (NYSE) prepares for Reddit's initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images Reddit's core business of online advertising faces competition from industry giants like Alphabet and Meta. The company also counts Snap, X, Pinterest, Discord, Wikipedia and Amazon's Twitch streaming service as competitors, according to its prospectus.

• Reddit Prices Its IPO at $34 Per Share, Valuing It At $6.4 ...

  Reddit priced its highly anticipated initial public offering (IPO) at $34 per share, resulting in a $6.4 billion valuation. The social media company seeks to sell 22 million shares. Reddit shares will debut on the New York Stock Exchange on Thursday under the RDDT stock ticker. Reddit first filed for a public listing in 2021, hoping for a market capitalization of $15 billion, but was forced to reconsider after the market for tech IPOs cooled. [...] Reddit priced its initial public offering (IPO) at $34 per shareWednesday evening and is set to begin trading Thursday on the New York Stock Exchange (NYSE) under the "RDDT" ticker.1 This price band values Reddit at about $6.4 billion. Reuters cited sources familiar with the deal who said the offering was around four to five times oversubscribed, with the company set to easily raise its targeted $748 million from the public market.2 [...] Reddit filed the paperwork for its IPO about a month ago, after first pursuing a listing in 2021, when management was said to be seeking a $15 billion valuation. A subsequent sell-off in tech stocks and a softening in the IPO market led to the company to revise those expectations downwards.

• Reddit IPO: When (Date), Where & What to Expect / Axi

  After much speculation, Reddit has announced the date for its highly-anticipated IPO. The San Francisco-based tech giant decided to go public in March 2024. Save the date: On Thursday, March 21, 2024, Reddit will go public with a target valuation of $6.4 billion and a projected share price of $31 to $34. Despite concerns about the company´s profitability, the IPO is almost five times oversubscribed. [...] An Initial Public Offering (IPO) is an investor’s first chance to gain exposure to an organisation. An IPO is an important milestone for a company looking to raise capital and an opportunity for investors to get involved in a hopefully growing business. With Axi you can get exposure to Reddit IPO as soon as it’s listed on a specific exchange and prices from the exchange become available to our liquidity providers. [...] /int /eu /uk /au /es-mx /fr-ma /it-ch /jp /kr /pl /pt /th /tw /za /ur Loading... #### Login Login with your email or your MT4 credentials. New Portal Login with email Old Portal Login with MT4 New to Axi? Sign up Home / Blog / Education / Stocks / Reddit IPO # Reddit IPO: Everything you need to know ###### Stocks / ###### Axi Team Shares Reddit IPO Reddit is ready — the IPO is coming