Reddit is reportedly planning to offer a portion of its IPO shares to its and loyal active users. It could be a massive opportunity for Redditors to own a stake in their favorite social media company. However, the move also sparks concerns regarding Reddit’s stock performance after the IPO.
Redditors To Own Massive Stake In Reddit
The company intends to set aside shares for 75,000 of its most engaged users, known as Redditors, ahead of its public offering next month. This opportunity would allow users to purchase Reddit shares at the IPO price. It marks a groundbreaking move since this privilege typically reserved for institutional investors.
The specifics of the number of Reddit IPO shares allocated for users have yet to be determined, according to sources familiar with the matter cited in the WSJ report. Considering that several crypto enthusiasts offer massive engagement via different forums on the platform, they could be eligible for the opportunity as well. Reddit, headquartered
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