Rooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
Details on Reddit's initial public offering scheduled for Thursday have swirled in recent days, along with speculation — but, as the company is guided to a final position for the deal by shareholders and investment banks, the IPO is expected to be at the top of the target range, according to multiple reports.
Reddit has reserved 8% of the total shares for retail investors. Those eligible include friends and family members of employees and directors, moderators, eligible platform users and some board members, Reuters reported. The site, which was launched in 2005, boasts some 73 million daily active users and around 267 million weekly active users, and makes over 100,000 active forum boards or"subreddits" available for conversations and discussions.
Binder said,"The community has now felt that has now turned his back on them, based on recent changes to Reddit. For example last year, Huffman was apparently inspired by Elon Musk's changes to Twitter or X, that the community on Reddit wasn't a fan of."
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reddit-based tokens MOON and BRICKs rally ahead of oversubscribed Reddit's IPOReddit-related tokens r/CryptoCurrency Moons (MOON) and r/FortNiteBR Bricks (BRICK) are rallying sharply on Wednesday, ahead of Reddit's (RDDT.N) Initial Public Offering (IPO), which has been reported as oversubscribed.
Read more »
Reddit prices IPO at high end of rangeThe San Francisco-based company priced its initial public offering at $34 a share Wednesday and will begin trading Thursday
Read more »
Reddit Priced IPO At $34 Per Share—Hitting The High End Of Its RangeI am a Colorado-based reporter. Before joining Forbes, I covered education and local government in Fort Collins, Colorado. I am a graduate of Creighton University, where I got a BA in journalism, and Arizona State University, where I got an MA in investigative journalism. Send tips at mbohannonforbes.com and follow me on Twitter molboha.
Read more »
Reddit IPO prices at top of range to raise $748 millionReddit Inc. and its selling shareholders raised $748 million, pricing shares in an initial public offering at the top of a marketed range, the second big tech listing in as many days.
Read more »
Reddit shares soar on first day of trading as social media platform's IPO arrivesReddit plans to sell more than 15 million shares of the newly public company while also setting aside stock for faithful users and moderators.
Read more »
Reddit IPO prices at $34 per share amid strong demandReddit will enter a new era as a publicly traded company with a market value of $6.4 billion. The social media platform’s initial public offering was priced at $34 per share Wednesday. The price came in at the top end of the target range set by Reddit’s investment bankers as they spent the past few weeks gauging investor demand for the stock.
Read more »