This IPO will be launched after the completion of the review process of the SEC and the date and share price of the IPO listing will also be announced.
Reddit IPO: Social media platform Reddit is preparing to bring its IPO. The company has submitted its draft registration statement on Form S-1 to the US Securities and Exchange Commission (SEC) for this. In this way, its IPO is expected to be launched soon.
Among the few big US IPOs in 2022, the proposed Reddit IPO is expected to receive an overwhelming response from investors. However, at present, nothing has been decided regarding the issue size and price band of this IPO. This IPO will be launched after the completion of the review process of the SEC and along with this, the date and share price of the IPO listing will also be announced.
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Company added details
- Reddit previously raised its Series E round of funding. In addition, strategic investments were made for the company’s growth, including expanding internationally and strengthening its advertising offerings and capabilities.
- The company raised $700 million in a Series F funding round led by Fidelity Management and Research Company LLC.
- This year in 2021, Reddit earned $100 million from ads in the second quarter, which is 192 percent more than the same period last year.
- In addition, the company is also investing in existing products and diversifying the Reddit experience to engage people in new ways through video and audio.
- When the company announces its results, it will be interesting to see what the opportunities and risks lie in the company over the long term.
(Article: Sunil Dhawan)
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