Commissar SFLUFAN Posted February 22 Share Posted February 22 Reddit files to list IPO on NYSE under the ticker RDDT WWW.CNBC.COM Reddit's debut will mark the first major tech initial public offering of the year and the first social media IPO since Pinterest went public in 2019. Quote Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.” Reddit said it had $804 million in annual sales for 2023, up 20% from the $666.7 million it brought in the previous year, according to the filing. The social networking company’s core business is reliant on online advertising sales stemming from its website and mobile app. The company said it has incurred net losses since its inception. It reported a net loss of $90.8 million for the year ended Dec. 31, 2023, compared to a net loss of $158.6 million the year prior. As of the fourth quarter of 2023, Reddit said that its U.S. average revenue per user, or ARPU, was $5.51, which was down from $5.92 from the previous year. The company’s ARPU was $3.42, which was a 2% year-over-year decline from $3.49. Reddit said that by 2027, the company estimates that its “total addressable market globally from advertising, excluding China and Russia, to be $1.4 trillion.” Currently, Reddit said that advertising market is $1.0 trillion, sans China and Russia. Quote Link to comment Share on other sites More sharing options...
Jason Posted February 22 Share Posted February 22 lmao I just got this message on reddit 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted February 22 Author Share Posted February 22 From CNBC: Reddit will let users buy its IPO, but warns that they could make the stock riskier WWW.CNBC.COM The social media company's S-1 filing revealed that some Reddit moderators and other users will be able to participate in the initial public offering. Quote On Thursday afternoon, the social media company’s S-1 filing revealed that some Reddit moderators and other users would get the opportunity to participate in the offering through a directed share program. This is unusual for companies, as IPOs are bought primarily by institutional investors. “Our users have a deep sense of ownership over the communities they create on Reddit. This sense of ownership often extends to all of Reddit. We see this in our users’ passion for their communities, their desire for Reddit to be as amazing as possible, and in their disapproval when we let them down. We want this sense of ownership to be reflected in real ownership — for our users to be our owners. Becoming a public company makes this possible. With this in mind, we are excited to invite the users and moderators who have contributed to Reddit to buy shares in our IPO, alongside our investors,” the filing said. Quote But the so-called Redditors also earned several mentions in the “Risk Factors” section of the filing. In addition to cautionary statements about the reliance of the business on its users, the IPO participation was highlighted as its own risk. “Redditors’ participation in this offering could result in increased volatility in the market price of our Class A common stock,” the filing said. Many IPO investors, either formally or informally, agree to a lock-up period, which means they will not sell their allocation of shares right after trading begins. But the Reddit users that participate in the IPO will not be subject to a lock-up agreement, the filing said, which could add to volatility in the stock. The filing did not say what percentage of the shares would be allocated through the program. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 1 Author Share Posted March 1 Reddit seeking a valuation of up to $6.5 billion in IPO WWW.CNBC.COM Reddit is seeking a valuation of up to $6.5 billion for its upcoming IPO. Quote Reddit is seeking a valuation of up to $6.5 billion in its upcoming IPO, according to a person familiar with the matter. The company plans to price its IPO between $31 to $34 a share, the person said. The Wall Street Journal was first to report on the expected range and valuation. Reddit filed to go public in February and plans to trade on the New York Stock Exchange under ticker symbol RDDT. Employees will be allowed to sell Reddit stock during the offering, the source added. Reddit had a private market valuation of $10 billion when it last raised a funding round of $1.3 billion in 2021, according to PitchBook. 2 Quote Link to comment Share on other sites More sharing options...
Mr.Vic20 Posted March 1 Share Posted March 1 Will slice shares be called sub shares?! Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted March 1 Share Posted March 1 Imagine believing Reddit is worth more than a really good Italian sub. 1 Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted March 1 Share Posted March 1 So they're getting $60 million from letting some AI thing scrape their site. I can't imagine the ad revenue is worth the other $6.44 billion. Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted March 2 Share Posted March 2 I think I will not be buying. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 21 Author Share Posted March 21 Reddit prices IPO at $34 per share in first major social media offering since 2019 WWW.CNBC.COM Reddit priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6.5 billion. Quote Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, according to a press release, and values the company at close to $6.5 billion. Reddit had planned to price the deal at $31 to $34 a share. Reddit’s public market debut on Thursday, under ticker symbol “RDDT,” will be the first for a major social media company since Pinterest’s debut in 2019 and one of the very few venture-backed tech deals of the past two years. Reddit sold 15.28 million shares in the offering, while existing shareholders sold another 6.72 million. The company is taking a haircut from its private market valuation of $10 billion in 2021 at the peak of the tech boom. Soaring inflation and rising interest rates pushed investors out of risky assets in 2022, eventually forcing startups to downsize, slash their valuations and focus on profit over growth. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 21 Share Posted March 21 I made a bunch of meme money when AMC went crazy a few years ago. Will lightning strike twice? BUY??? Quote Link to comment Share on other sites More sharing options...
TUFKAK Posted March 21 Share Posted March 21 Lolol Quote Link to comment Share on other sites More sharing options...
Jason Posted March 21 Share Posted March 21 I was eligible for the pre-IPO allocation and took 20 shares at $34, made $418. Could have made $20k if I'd maxed the allocation but I viewed it purely as gambling so no way in hell was I putting in $34k. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 21 Author Share Posted March 21 RDDT: Reddit Inc - Stock Price, Quote and News - CNBC WWW.CNBC.COM Get Reddit Inc (RDDT:NYSE) real-time stock quotes, news, price and financial information from CNBC. It was up about 70% at one point today. Quote Link to comment Share on other sites More sharing options...
Jason Posted March 21 Share Posted March 21 1 minute ago, Commissar SFLUFAN said: RDDT: Reddit Inc - Stock Price, Quote and News - CNBC WWW.CNBC.COM Get Reddit Inc (RDDT:NYSE) real-time stock quotes, news, price and financial information from CNBC. It was up about 70% at one point today. High was just shy of $57, I sold one at $54 and the rest at $55. I was trying to do all 20 at $54 but forgot to adjust the quantity on the first limit order, then did the other 19 for $55. Quote Link to comment Share on other sites More sharing options...
TwinIon Posted March 21 Share Posted March 21 I don't know what to expect from this stock other than a wild ride. Quote Link to comment Share on other sites More sharing options...
osxmatt Posted March 21 Share Posted March 21 10 minutes ago, TwinIon said: I don't know what to expect from this stock other than a wild ride. I fully expect institutional investors to leave retail Reddit investors holding the bag. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted March 21 Share Posted March 21 7 minutes ago, osxmatt said: I fully expect institutional investors to leave retail Reddit investors holding the bag. I took my DSP shares with the intention of immediately selling during the frothy couple of hours you usually get right after an IPO starts trading. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted March 26 Share Posted March 26 Jesus, it was up to $75 today and closed at $65. Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted March 26 Share Posted March 26 Between this and Trump's new thing it's absolutely gonna be meme stock silly season for a while Quote Link to comment Share on other sites More sharing options...
Jason Posted March 27 Share Posted March 27 9 minutes ago, Ricofoley said: Between this and Trump's new thing it's absolutely gonna be meme stock silly season for a while I don't regret selling all my pre-IPO shares on Thursday and making sure I got out with some profit, although I do slightly regret not going through with my thought to take like half of what I made and buy back that much worth of shares while it ws in the $40s on Friday. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 27 Share Posted March 27 Are there any comparatively sized social media companies that are publicly traded? Quote Link to comment Share on other sites More sharing options...
Jason Posted March 27 Share Posted March 27 1 hour ago, mclumber1 said: Are there any comparatively sized social media companies that are publicly traded? Twatter? And I mean the actual valuation not $44 billion. Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted March 27 Share Posted March 27 2 hours ago, mclumber1 said: Are there any comparatively sized social media companies that are publicly traded? Facebook Quote Link to comment Share on other sites More sharing options...
Jason Posted March 27 Share Posted March 27 3 minutes ago, LazyPiranha said: Facebook Facebook is way bigger than reddit. Both by itself and especially if you roll in the other stuff it owns like Instagram. Twitter (at least pre-Musk) was more comparable in size. Twitter just felt like a lot bigger than it actually was because of its outsize influence that came from it being where journalists in particular congregated, but also because it was the primary platform for a lot of politicians, transportation agency service alerts, etc. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted March 27 Share Posted March 27 8 hours ago, mclumber1 said: Are there any comparatively sized social media companies that are publicly traded? Probably Snapchat. Twitter is no longer publicly traded. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 27 Share Posted March 27 I made 45 bucks on RDDT. I bought 15 shares on Friday (because I'm an idiot and didn't do the pre-IPO thing) and sold a few minutes ago. What should I do with my new found wealth? 1 Quote Link to comment Share on other sites More sharing options...
Brian Posted March 27 Share Posted March 27 47 minutes ago, mclumber1 said: I made 45 bucks on RDDT. I bought 15 shares on Friday (because I'm an idiot and didn't do the pre-IPO thing) and sold a few minutes ago. What should I do with my new found wealth? Less since you need to pay short term capital gain taxes. I would have said treat yourself to McDs but that shit is expensive. Maybe get a Tapatio Ramen Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 27 Share Posted March 27 4 minutes ago, Brian said: Less since you need to pay short term capital gain taxes. I would have said treat yourself to McDs but that shit is expensive. Maybe get a Tapatio Ramen In N Out is back on the menu boys Quote Link to comment Share on other sites More sharing options...
Brian Posted March 28 Share Posted March 28 Down to $54.95 Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 28 Share Posted March 28 24 minutes ago, Brian said: Down to $54.95 Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted March 28 Share Posted March 28 Soon the world will know what anyone with a functioning brain has known for some time. Reddit is worthless. 1 1 Quote Link to comment Share on other sites More sharing options...
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