Reddit (RDDT)

Reddit (RDDT)

IPO Stage

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Overview

Funding data not publicly available
Stage

IPO Stage

Platform

SoFi

IPO Date

03/20/2024

Method of Going Public

IPO

Expected Public Exchange

New York Stock Exchange (NYSE)

Price Range

$31 - $34

Security Type

Equity - Common

SEC Filing Type

S-1    Open SEC Filing

IPO Valuation

$6.4B

IPO Lead Underwriter

# of Acquisitions

0

Year Founded

2005

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Location

San Francisco, California

Reddit, with an expected public market valuation of $6.4 billion, will go public by March 20, 2024. The company is home to thousands of communities with endless conversations among Reddit users. Millions of people around the world use the Reddit platform every day to post, vote, and comment on various communities based on their interests. The platform has over 100,000 active communities, more than 73 million daily active uniques, and 16 billion posts and comments. Steve Huffman and Alexis Ohanian founded Reddit in 2005. The company will trade under the ticker "RDDT" on the New York Stock Exchange, and it is offering 22 million shares at a price range between $31 and $34 per share.

Income Statement

Revenue

$0

Operating Expenses

Research/Technology & Development

$0

Sales & Marketing

$0

General & Administrative

$0

Total Operating Expenses

$0

Operating Income

$0

Other Income, Net

$0

Income (Loss) Before Provision For (Benefit From) Income Taxes

$0

Provision For (Benefit From) Income Taxes

$0

Net Income (Loss)

$0

 

Net Income (Loss) Attributable to Common Stockholders:

Basic

$0.00

Diluted

$0.00

Net Income (Loss) Per Share Attributable to Common Stockholders:

Basic

$0.00

Diluted

$0.00

Weighted-Average Shares of Common Stock Used For Pro Forma:

Basic

0

Diluted

0

Balance Sheet - Assets

Current Assets

Cash and Cash Equivalents

$0

Accounts Receivable

$0

Total Current Assets

$0

Property and Equipment, Net

$0

Goodwill

$0

Intangible Assets, Net

$0

Restricted Cash

$0

Other Assets

$0

Total Assets

$0

Balance Sheet - Liabilities

Current Liabilities

Accounts Payable

$0

Accrued Expenses

$0

Other Current Liabilities

$0

Total Current Liabilities

$0

Total Liabilities

$0

Commitments and Contingencies

Convertible Preferred Stock

$0

Stockholders' (deficit) Equity

Common Stock

$0

Additional Paid In Capital

$0

Accumulated Other Comprehensive Income (Loss)

$0

Total Stockholders' (Deficit) Equity

$0

Statements of Cash Flows

Cash Flows from Operating Activites

Net Cash Provided By (Used In) Operating Activities

$0

Cash Flows from Investing Activites

Net Cash Provided By (Used In) Investing Activities

$0

Cash Flows from Financing Activites

Net Cash Provided By (Used In) Financing Activities

$0

Total Cash, Cash Equivalents, and Restricted Cash

$0

Financials as of: 03/10/2024
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Reddit IPO 2024: Price, Dates, and All You Need to Know
Platform: SoFi
Security Type: Equity - Common
Valuation: $6,400,000,000

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