Reddit is set to make its stock market debut this week, with the company offering an unusual opportunity for its users to invest in its IPO, reserving 8% of its IPO shares, or 1.76 million, for Reddit users. The social media platform, which confidentially filed its S-1 in December 2021, has generated high investor interest, aiming to raise $748 million. Despite cancelling CEO Steve Huffman's pay awards tied to a $25B valuation in December 2023, indicating reduced expectations for a blockbuster IPO, Huffman's decade-long tenure has been marked by scandal, triumph, and a recent $193 million payday. This move comes amidst a tepid IPO market and the company's struggles, including slowing user growth, challenges in international expansion, and a dependence on Google. However, Reddit's IPO has been described as potentially 'popping' on the NYSE, with investors eagerly anticipating the event.
Why the big winner in the Reddit IPO is ... a magazine publisher https://t.co/O2SmDqyUzj
As Reddit's IPO approaches, co-founder and chief executive Steve Huffman answers users' questions about the company going public, including addressing the threat of AI and user revolt. @lagorio https://t.co/wYa1foph3p
$RDDT | Reddit Poised To 'Pop' On IPO As Wall Street Eyes 'Prettiest Girl At The Dance' Investors are eagerly anticipating the initial public offering of Reddit, set to begin trading on the NYSE. The social media company has reserved 8% of its IPO shares, or 1.76 million… https://t.co/tvYRuiAqFU
Reddit CEO Steve Huffman's decade-long tenure has been marked by scandal, triumph and, most recently, a $193 million payday https://t.co/4VG2rTx4VZ
Reddit generates high investor interest amid plans to raise $748 million https://t.co/jPvfMnvdxC https://t.co/1L3DHZzJj0
Reddit's longest serving CEO is finally taking the company public https://t.co/J4SNVzsnmZ
Strong equity market —> pre-IPO black books! $rddt https://t.co/0aY3Fp5IOV
#Reddit. #AsteraLabs. Tech IPOs are back. Are you ready? https://t.co/5grfabU9F1 https://t.co/5grfabU9F1
Reddit users are getting the unusual opportunity to own a slice of the social-media platform in its stock-market debut later this week https://t.co/YG5pyD5gMM https://t.co/YG5pyD5gMM
Reviewing Reddit's IPO filings: signs of slowing user growth, struggles to grow overseas, a dependence on Google, enticing brands, a new Class C stock, and more (@peard33 / Wired) https://t.co/vb2cnPuKFO 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/lMzyxQNtda
A profile of Reddit co-founder Steve Huffman, who blends the personal and professional as CEO and must navigate a tepid IPO market for the unprofitable company (@saraheneedleman / Wall Street Journal) https://t.co/MXJQE5kNNx https://t.co/SIa2PGEMvY
Filings: Reddit cancelled Steve Huffman's pay awards in December 2023 that were tied to hitting a $25B valuation, signalling reduced hopes of a blockbuster IPO (Financial Times) https://t.co/AVKQ8PYG2k 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/twqO8li1CM
WIRED reviewed edits made by Reddit to its IPO filings over the years ahead of its stock market debut this week. Here are seven big takeaways. https://t.co/VgEnehnJ2w
Caught up w/ an old friend at Reddit today, they IPO on Wed or Thur this week, but I forgot they confidentially filed their S-1 in Dec 2021. What a ride, Congrats! https://t.co/w4EZXKezdT
I am one of the illustrious Reddit users that get to invest in IPO. I know it’s oversubbed, but I think user shares get to be sold day 1 without lockup. Should… I be indicating like way more or some shit? Serious Q
The Reddit IPO's reality check for Silicon Valley - column by @Tabby_Kinder https://t.co/bnCaAoOuda