Initial Public Offering
General info on Reddit
About the company
IndustrySocial media, Advertising
IPO file date-
No. of shares-
Reddit is a California-based company running a social platform where users can discuss issues, share advice, and narrate experiences under dedicated communities or “subreddits.” The communities are monitored for malicious activity by Reddit moderators, who are not company employees.
The company was founded in 2005, and it’s one of the most popular websites, often called the “people’s forum.” Reddit came into the spotlight when the WallStreetBets subreddit members decided to buy GameStop and AMC Entertainment shares. Their move inflicted heavy losses on hedge funds that were shorting the stocks.
So far, Reddit has filed preliminary IPO registration statements with the Securities and Exchange Commission. It has hired Morgan Stanley and Goldman Sachs for guidance.
According to Bloomberg, Reddit is one of the most expected IPOs of 2022, and it could reach a $15 billion valuation.
Reddit has a $10 billion valuation.
Reddit: what you need to know
- Reddit’s ad business grew by 112% in the last two years
- It is backed by prominent investors such as Khaira Capital, Tencent, Vy Capital, Fidelity Capital
- It raised $1.3 billion in funding over nine rounds
Sources: crunchbase.com, businessofapps.com, finance.yahoo.com
Find out the most essential numbers for Reddit IPO
Daily active users
A closer look at Reddit IPO
Learn why traders are always eager to trade IPOs
IPO Date: 2022
Browse details of other companies that already went public
Highly Anticipated IPOs of 2022
Stay in touch with the most expected IPOs of the year
IPOs are important trading events you shouldn’t miss
Learn how to trade IPOs and build a complete strategy with our tools & user-friendly trading platforms.
- Charting options to suit all trading strategies
- Various layout choices
- Streaming live quotes for instant decision-making
- Trading Central
- Modern and easy-to-use interface
- Risk management tools
- Extensive range of analysis tools
- Key statistics available for all trading instruments
- Intuitive and user-friendly trading platform
- Diverse execution modes and orders types available
- 2000+ free custom indicators
- Multiple timeframes options
- Multi-window views and watchlist
- Up to 10 charts at the same time
- Lightning-fast trade execution speed
- Highly customizable tools