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Reddit Priced, NYSE: RDDT

Social media platform with message boards for interest-based communities.

Industry: Technology

Latest Trade: $54.16 0.00 (0.0%)

First Day Return: +48.4%

Return from IPO: +59.3%

Industry: Technology

Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs, and find belonging. People are diverse and have multiple interests. Just like in a city, where citizens are part of multiple subcommunities, on Reddit, users often belong to multiple communities. At Reddit, users can dive into anything, and if a community does not already exist around a particular topic, they can create one. In December 2023, more than 500 million visitors, and in the three months ended December 31, 2023, an average of 73.1 million daily active uniques (“DAUq”), around the world came together on Reddit – continuously adding to our longstanding and constantly evolving human archive of information. They come together to share the rhythm of their daily discoveries, ask questions and receive advice, research before making a purchase decision, hear reactions to recent events, and thrive as a community. Built on shared interests, passion, and trust, Reddit has a community for everyone.
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IPO Data
IPO File Date 02/22/2024
Offer Price $34.00
Price Range $31.00 - $34.00
Offer Shares (mm) 22.0
Deal Size ($mm) $748
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/20/2024
Offer Price $34.00
Price Range $31.00 - $34.00
Offer Shares (mm) 22.0
Deal Size ($mm) $748
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
Goldman Sachs
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Company Data
Headquarters San Francisco, CA, United States
Founded 2005
Employees 2,013
Website www.redditinc.com

Reddit (RDDT) Performance