Notifications Bell
Logo

Initial Public Offering

Get ready to trade it

General info on Reddit

 

About the company

  • Name
    Reddit
  • Industry
    Social Media, Advertising
  • Employees
    501-1000
  • Founding year
    2005
  • Ticker
    -

Filing Information

  • IPO file date
    -
  • No. of shares
    -
  • Price
    -
  • Exchange
    -
  • Bookrunners
    -
Open Account

IPO Details

About Reddit

Reddit is an American social news, web content rating, and discussion website. The idea and development of the website came from then college roommates at the University of Virginia Steve Huffman and Alexis Ohanian in 2005. They launched Reddit in June 2005, and in November the same year, the team expanded to include Christopher Slowe.

On October 31, 2006, Huffman and Ohanian sold Reddit to Conde Nast Publications for a reported $10 million - $20 million, and the team moved to San Francisco.

Reddit grabbed investors' attention after traders on the subreddit r/WallStreetBets led to the rise of meme stocks like AMC and GameStop in early 2021.

We can name Khaira Capital, Fidelity Management and Research Company, Tencent, Sequoia Capital among its investors.

IPO Figures

No clear data about Reddit's IPO is available, but it has filed preliminary IPO registration statements with the SEC, and has hired Morgan Stanley and Goldman Sachs to guide the company through the process.

 

Valuation

Reddit has raised $1.3 billion in funding over nine rounds. The latest funding was raised on August 12, 2021, from a Series F round of $410 million.

According to Bloomberg, Reddit could seek a valuation as high as $15 billion.

Basic info about Reddit

  • On December 13, 2020, Reddit acquired the short-form video social platform Dubmash
  • It has won three Guinness World Records for the Latest Gift Exchange
  • Reddit Has Influenced the Stock Market – the r/wallstreetbets subreddit took a turn in the spotlight in January 2021 when many users bought stocks in GameStop, which was performing poorly after a user plunged $50,000 into the company. The group managed to boost GameStop's share price, with the news hitting the headlines and many amateur investors jumping on board

 

Sources: Bloomberg.com, crunchbase.com, nytimes.com

 

Summary

  • Ticker
    -
  • Price
    -
  • Exchange
    -
  • Bookrunners
    -
Create Account

Key Points

Get a quick overview of the essential figures for Reddit IPO

Users

+52 mln

Pages viewed annually

+82 bln

Valuation

+$10 bln

Trade
Reddit

Open Account

Trading online at CAPEX.com. Trade CFDs with live News, Price & Analysis Charts and quotes.

Reddit IPO Sneak peek
See why traders seek and cherish IPOs

Logo
  • Status: Upcoming
  • IPO Date: 2022
  • Price: -

Previous IPOs

see a track record of the most significant IPOs of the past

see a track record of the most significant IPOs of the past

Most anticipated IPOs of 2022

Stay up-to-date with the most exciting companies going public

Clarios

  • Status: Upcoming
  • IPO Date: -
  • Price: $17 - $21
Clarios Logo

Clarios

Automotive, Energy, Energy Storage

View IPO report

  • Status: Upcoming
  • IPO Date: -
  • Price: $17 - $21

Trade IPOs your way through our award-winning trading platforms

We know you need robust and modern platforms to achieve your full potential, so we created two trading platforms designed to enhance your financial markets experience.

CAPEX WebTrader

  • Advanced charts
  • Customizable layouts
  • Trading Central
  • User-friendly interface
  • Risk management tools
  • Sophisticated analysis tools
  • Intuitive navigation interface
  • Key Statistics
Trading Platforms
Trading Platforms

MetaTrader 5

  • 30 built-in indicators
  • 9 timeframes
  • Access to 2,000 free custom indicators
  • Customizable tools
  • Easy access control panels
  • Instant Execution
  • Intuitive navigation interface
  • Multi-window views
Trading Platforms