Posted 3/10/2024, 10:01:42 PM
Reddit Files for $748 Million IPO, Valued Up to $6.5 Billion With 73 Million Daily Users
- Reddit plans an IPO to raise up to $748 million, valuing the company at up to $6.5 billion
- 22 million shares to be offered at $31-$34 per share
- 1.76 million shares set aside to be purchased by Reddit users and moderators
- Reddit had 73 million daily active users in Q4 2022 and revenue of $804 million
- The offering is led by Morgan Stanley, Goldman Sachs, JPMorgan Chase, and Bank of America