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In turn, they will be able to buy Reddit shares at its IPO price before the stock starts trading. This is “a privilege normally reserved only for big investors,” The Wall Street Journal added.
Chief among them is Steven Huffman, Reddit’s cofounder and CEO, who plans to sell 500,000 shares. Huffman could make $17 million if the IPO prices at $34. He'll have 3.3% voting power after the ...
Reddit currently trades at 8.5 times this year's estimated sales. Assuming its price-to-sales ratio holds steady, it would need to increase its annual revenue at a compound annual growth rate ...
Reddit on Monday said it expects to price shares between $31 and $34 each when it makes its long-anticipated initial public offering, which will make it the first social media company to go public ...
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. In short, ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) representing specific assets or securities listed on a stock exchange or traded publicly. A ...
Reddit debuted on the stock market on the morning of March 21, 2024 with the ticker symbol RDDT. [17] Reddit has received praise for many of its features, such as the ability to create several subreddits for niche communities, [18] [19] being a platform for raising publicity for numerous causes, [20] and has grown to be one of the most visited ...
As evidenced by the stock's 60% rise from its IPO price, investors clearly want to get their hands on shares of Reddit. And it's understandable: The company has multiple attractive qualities.
Shares of social media company Reddit (NYSE: RDDT) soared on Friday after the company announced a partnership with Microsoft's OpenAI. As of 11 a.m. ET today, Reddit stock was up 14%. As of 11 a.m ...