After this long three years of wait, Reddit IPO announcements are finally out. Reddit on this Thursday filed an IPO prospectus with the SEC. ‘RDDT’ is chosen as the symbol for the Reddit IPO and will be traded on the New York Stock Exchange.
Reddit is a San Francisco-based company valued at $10 Billion in 2021. With this IPO, the company might sell 10% of the company shares, as shared by company officials last year. The IPO prospectus didn’t include a precise figure on the shares, so it’s uncertain about the percentage of company shares for the IPO.
The company is widely popular for its content posting services, where a person can post random content, personal life experiences, questions, etc, and the users can vote and present their opinions.
Everything You Need To Know About Reddit IPO
Even though the IPO idea was introduced years ago, the company had to put it on hold for profitability and volatility-related issues. In 2021, Reddit filed for confidentiality and planned the p
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