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Alfred Gray
@alfredgray · Dec 29

REDDIT IPO

2024

IPO date

15 billion USD

Potential valuation

Amount raised for IPO

Unknown at this time

Share price

Share price range not yet known

Reddit and IPO:

Reddit originally had a planned IPO in the spring of 2023.

IPO Plan Issues:

Poor results from other IPOs, high interest rates and resistance from investment giant Fidelity have complicated plans.

Reddit valuation:

Reddit was valued at $10 billion in 2021, but Fidelity has reduced its value to $5.5 billion as of May 31, 2023.

SEC filing:

Reddit filed documentation to go public with the SEC in December 2021.

Really another interesting IPO for me, I'm honestly really looking forward to 2024. What's your take on Reddit and their IPO?

BC
Bill Combs @billcombs Jan 1

So 2024 will be an interesting year in terms of IPOs. EpicGames and now Reddit. It's definitely going to be interesting and I'm looking forward to it.

AG
Alfred Gray @alfredgray Jan 2

EpicGamed, Reddit, still Shein is interesting to me, we're going to have a busy year.

RR
Rickie Reeve @rickiereeve Dec 29

All well-known companies in the coming year. It won't be boring! I don't actively use Reddit, I just always end up on it when I'm solving a technical problem. 😁

AG
Alfred Gray @alfredgray Jan 1

We have a similar one, some good advice there! :D