Why Invest in Reddit’s IPO?

Can the company that launched the meme stock rally be a good investment itself? Reddit is credited with being the breeding ground for investors who rallied together behind highly shorted stocks such as AMC Entertainment, GameStop, and Bed Bath & Beyond and sent their shares soaring to astronomical heights.

“The Company may soon go public..”

Steve Huffman

Information

Reddit IPO

Valuation

Reddit has raised a total of $1.3B in funding over 10 rounds. Their latest funding was raised on Aug 12, 2021 from a Series F round, Valued at 15 Billion

Users

Reddit says it has over 57 million unique daily users with over 450 million monthly users

When?

According to The Information, the social media site resuscitated its plans and has confirmed the public listing will go ahead in March 2024. Because it filed for a confidential offering, Reddit is shielded from having to publicly share information until just before the offering, giving it time to work out of the spotlight.

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What Is an IPO?

An IPO or initial public offering is a stock launch or public offering in which a company sells its shares to institutional and retail investors. An upcoming IPO is generally underwritten by one or multiple investment banks, who also list the shares on stock exchanges. 

Stock prices generally increase after an IPO listing. That is why people rush to subscribe to stocks of promising companies. The aim is to get quality stocks at a reasonable price, which they can sell at higher prices later.

Companies offer IPOs to raise funds from the capital market. The capital from a new IPO can be used for business needs like expanding capacity, diversifying products, opening new stores, setting up R&D, performing mergers and acquisitions, etc.

Features

Why invest in IPOs?

Early Access

By investing in an IPO, you get early access to a company that has high growth potential. It can fetch you a high-profit percentage in a short time, as well as grow your funds in the long run.

Transparent Pricing

IPOs offer transparent pricing since the price per security is mentioned in the IPO order document.

Long-Term Profits

Investing in a current IPO is like investing in equity. They can bring you good returns over a long period of time, which you can then put into life goals and financial commitments.

Wealth Creation

The share market, although volatile, can help you create wealth in the long term by investing in valuable stocks of well-performing companies.

Meet Reddit’s Team

Steve Huffman

Steve Huffman

Founder

Steve Huffman (born 1983 or 1984), also known by his Reddit username spez (/spɛz/), is an American web developer and entrepreneur. He is the co-founder and CEO of Reddit, a social news and discussion website, which ranks in the top 20 websites in the world. He also co-founded the airfare search engine website Hipmunk, which shut down in 2020.

Drew Vollero

Drew Vollero

CFO

Drew Vollero, former Snap chief financial officer, joins Reddit as its first CFO and as the company considers launching an IPO.

Jen Wong

Jen Wong

COO

Jen Wong is an American business executive and current Chief Operating Officer of Reddit, overseeing its business strategy. Wong was previously president of digital and chief operating officer at Time Inc. and worked at McKinsey

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