Reddit ipo ticker It filed last month to be listed on the New York Stock Exchange under the ticker Mar 18, 2024 · Reddit, the popular online forum platform, is set for a promising IPO, aiming to raise $748 million at a valuation of $6. filed for an initial public offering with the U. 16M subscribers in the technology community. In 2023, it accounted for 98% of the $804 million in revenue. Excluding employee stock options Microsoft-Backed Rubrik’s IPO Filing Shows $354 Million Loss - source Rubrik’s subscription annual recurring revenue grew by 47% as of Jan. ” statement with the SEC for a proposed IPO. Mar 4, 2024 · Reddit Inc. 6 million loss in the prior year. 4 Billion; Raise Reddit is set to go public this week in what will likely be among the most-watched IPOs of the last year. Welcome to r/stocks!. Reddit IPO Terms. Reddit Reddit IPO: Social-media stock makes roaring debut, closing up nearly 50% Reddit's IPO met a warm reception from Wall Street, as the stock zoomed higher in its first day of trading. Reddit’s stock ticker: RDDT; Reddit’s Q: Is Schwab participating in the Reddit IPO? A: No Q: When will it begin trading? A: 3/21/24 under ticker RDDT Q: What time will it begin trading?… In contrast, google paid reddit $60 million a year to mine your brain thoughts, when $60 million means a lot to reddit. In addition, the IPO could be volatile given that Reddit will allow its community members to sell Feb 22, 2024 · San Francisco, Calif. ” Its market debut, expected in March, will mark the first major tech initial public offering of the year. Fidelity is not managing the DSP, and we do not have access to information on the DSP. Mar 21, 2024 · Trading under the ticker “RDDT,” shares started trading at $47 and reached a high of $57. Not interested in ipo unless i can get in at ipo price and sell off some profits on opening day. Reddit had been waiting to go public since its confidential IPO filing in 2021 but delayed its debut due to volatile market conditions. Its ticker symbol? RDDT. Here's the forecast for Reddit shares, and whether the subreddit WallStreetBets might make it a "meme stock" as some members contemplate shorting the stock. Mar 19, 2024 · Reddit is expected to go public this Thursday, and will be listed under the ticker symbol “RDDT. Mar 20, 2024 · Reddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company’s IPO on Thursday. 5 billion valuation and shares trading under the ticket symbol RDDT. Losses were -$90. At its peak, Mar 20, 2024 · Reddit priced its highly anticipated initial public offering (IPO) at $34 per share, resulting in a $6. Mar 21, 2024 · Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. Mar 20, 2024 · This would include acquisitions and a new revenue stream whereby Reddit sells user data to AI companies. I give up. The day of their IPO they were trading at over 200 X annual revenue. Reddit plans to reward its users by setting aside some stock for them. 44, or 48 per cent above its IPO price. Tried asking for 20 shares got zero. As with any website, reddit will go public, shareholders will complain about the lack of increasing revenue, reddit will implement annoying/unskippable ads, companies will complain that they don't want their ads featured on r/buttholes, then reddit will become more strict on the content it allows. Mar 21, 2024 · Social media platform Reddit's shares ended their first day of trading in New York up 48%, signaling that investor appetite for initial public offerings of promising yet loss-making companies Mar 21, 2024 · With the pop of its opening price, notching just above $55 a share during the day, Reddit's valuation soared to around $10 billion, trading under the ticker symbol RDDT. 8 million for 2023, an improvement from a $158. We discuss the electric vehicle company, Rivian Automotive, along with their products and brand (not the stock). Reddit shares began trading on the New York Stock Exchange on Thursday (March 21) under the ticker symbol "RDDT. This price Feb 22, 2024 · Reddit's IPO will be the first time since 2019 that a social media company has premiered on the stock market. The social media company seeks to sell 22 million shares. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. Mar 20, 2024 · The Reddit IPO will sell 22 million shares of Class A stock under the NYSE ticker RDDT. The 19-year-old website that hosts Mar 21, 2024 · Reddit trades on the New York Stock Exchange under the ticker symbol RDDT. Current business model. Roughly 6. For beginner advice, brokerage info, book recommendations, even advanced topics and more, please read our Wiki here. Reddit brought in $804m in revenue in 2023 which was a 20% YoY increase and its net loss narrowed from $158. 70 million. 5 billion. If the stock rises 50%, I would be dumb to not sell a bit of it. Earlier in the day, shares of Astera Labs, an AI infrastructure-related group, surged 72 per cent share in their public debut on the Nasdaq exchange — a pop that has added momentum to Reddit’s IPO book, according to people familiar with the deal. If you're wondering why a stock moved a certain way, check out Finviz which aggregates the most news for almost every stock, but also see Reuters, and even Yahoo Finance. When the IPO dust and carnage settles, reddit will probably correlate to AI-speculation stocks. (“Reddit”), a community of communities, today announced that it has filed a registration statement on Form S-1 with the U. Tried asking for 10 shares. 4 billion valuation. This makes it the largest social media platform to go public since Pinterest Inc. No one will get a multiple like that but I'm hoping rubrik can trade somewhere around 25 to 30 X annual revenue Mar 20, 2024 · Reddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company's IPO on Thursday. (RDDT) stock quote, history, news and other vital information to help you with your stock trading and investing. Reddit announced plans to charge for access to its API in an attempt to help the company reach… Pricing at the top of the range is a vote of confidence in the company’s prospects. Right now, these are not stocks you short with anything but play money. ” The initial offering price was $34 per share, valuing Mar 21, 2024 · When is Reddit’s IPO? Reddit is expected to list its shares on the NYSE today: Thursday, March 21, 2024. 4 billion after the social media platform's initial public offering was priced at $34 per share. The stock will begin trading Thursday on the New York Stock Exchange under ticker symbol "RDDT. Feb 22, 2024 · Reddit IPO ticker. That would Mar 20, 2024 · Reddit priced its initial public offering (IPO) at $34 per share Wednesday evening and is set to begin trading Thursday on the New York Stock Exchange (NYSE) under the "RDDT" ticker. Mar 22, 2024 · Shares of the social media company soared on its Big Board debut under the ticker RDDT, closing at $50. The stock closed at $50. The best Mar 20, 2024 · Reddit on Wednesday priced its shares at $34 for its initial public offering, at the high end of expectations, in a sign of investor demand for growing tech companies. Find the latest Reddit, Inc. I have tried just asking for 1 share. Social media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. com and its 50,000 readers! (We discuss money, finance, investing, stocks, financial news, personal finance, real estate, crypto and building wealth from different points of views) The ETF tracks the rules based Renaissance IPO Index, which adds sizeable new companies on a fast entry basis and the rest upon scheduled quarterly reviews. S. To me that seems like desperation. Mar 11, 2024 · Reddit is aiming for an IPO share price of between $31 and $34 as it gears up for its much-anticipated listing on the NYSE, a new filing has revealed. Robinhood just added reddit ipo and are taking requests. But please, read the sidebar rules before you post. While the company isn’t yet profitable, revenue grew by 21 percent to $804 r/Rivian is the largest and most active fan-run auto-enthusiast Rivian community. m. 22. 60% compared to the previous year's $666. The remaining 2% comes from Reddit premium subscriptions, as well as products within the user economy (Reddit Gold / Avatars). Securities and Exchange Commission on Feb. Mar 18, 2024 · The Reddit oversubscribed Reddit IPO simply means Reddit is poised to at least reach its targeted price range of $31 to $34 per share when it prices the IPO in New York on Wednesday, the sources said. The San Francisco-based Posted by u/Expired_Options - 2 votes and 1 comment Mar 20, 2024 · Reddit will enter a new era as a publicly traded company with a market value of $6. In its IPO, Reddit is commanding a 2023 price-to-sales multiple of almost 8x. 4 billion, and the company and its selling shareholders raised $748 million. We are aware a directed share program (“DSP”) is included as part of the Reddit IPO, according to the filing. The price Reddit as a company is dissimilar to the other companies you mentioned, particularly in its effectiveness in monetization. Mar 21, 2024 · Reddit stock soared on its first day of trading, ending the day up nearly 50% from its initial public offering price of $34 a share. Reddit community for TheFinanceNewsletter. 03 million, an increase of 20. Reddit had an atypical offering, letting users participate in the IPO, whereas IPOs are almost always limited to Mar 21, 2024 · Reddit shares began trading on the New York Stock Exchange at about 1:15 p. " The initial offering price was $34 per share, valuing Reddit at $6. 80 early Thursday afternoon, up as much as 70% from its initial price offering of $34. 7 million of the available shares are coming from selling stockholders, including CEO Steve - Why IPO? - The IPO strategy - Sam Altman - Valuation. Mar 20, 2024 · The shares are expected to begin trading on the New York Stock Exchange on March 21, 2024, under the ticker symbol “RDDT. ” The offering is expected to close on March 25, 2024, subject to customary closing conditions. 44 on Thursday, up 48% from the IPO Mar 20, 2024 · Reddit will trade on the New York Stock Exchange under the ticker RDDT. Reddit will slowly die with the dissapearance Mar 21, 2024 · After years of anticipation, Reddit is finally conducting its initial public offering (IPO) with a $6. Common Stock Offered: 22 million shares; Reddit IPO Price: $34; Opening Trade: $47 (+38%) IPO Pricing Date: Wednesday, March 20th, 2024; Reddit IPO Date: Thursday, March 21st, 2024; Reddit Ticker: “RDDT” Reddit IPO Valuation: $6. In 2023, Reddit's revenue was $804. Reddit was acquired by Condé Nast Mar 20, 2024 · Reddit priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6. This brought its fully diluted market capitalisation 151 votes, 130 comments. Founded in 2005, Reddit allows registered users to discuss topics of interest in various communities called subreddits . It was a perfect storm with a thriving market and warren Buffett as an investor and being a great company. What is Reddit’s stock ticker? Reddit shares will trade under the stock ticker RDDT. Mar 11, 2024 · In a new SEC filing, Reddit’s IPO involves around 22 million shares, priced between $31 to $34. Welcome on /r/stocks! Don't hesitate to tell us about a ticker we should know about, market news or financial education. Our understanding is a number of Reddit users received a letter from Reddit regarding the DSP. The IPO is being viewed as Mar 7, 2024 · Reddit Ticker? The Reddit stock symbol is “RDDT” and trades on the NYSE. " Zoom in: San Francisco-based Reddit priced the IPO at $34 share, right at the high point of its $31-$34 per share offering range. Subreddit dedicated to the news and discussions about the creation and use of… NEW YORK, March 17 (Reuters) - Reddit's initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6. Basically everyone who has enough karma to not get their posts deleted by automod got the IPO offer. Got zero. ET on Thursday (March 21) under the ticker symbol “RDDT. Subject to market conditions, we may consider a sale or registered Initial Public Offering (IPO) in 3-5 years" However, in an email I received, they did mention it could require as little as 24 months: "The standard corporate metric for an IPO is at least $100 million in annual revenue with strong earnings or a clear path to profits. Posted in Featured, Financial Services, News, Technology TAGS Is Reddit IPO worth the wait? Mar 21, 2024 · The popular social media site Reddit lists as a stock on the New York Stock Exchange Thursday. Mar 21, 2024 · The IPO valued Reddit at $6. However, it also reported a net loss of $90. Of the 22 million shares up Mar 11, 2024 · Reddit intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol “RDDT. I won't be surprised if the site users drop by almost half over the next few years if we start seeing marketing companies with special tags posting everywhere and self-promotion is forced by reddit rather than currently where it's restricted by mods in most subs. The company plans to trade on the New York Stock Exchange under the ticker symbol “RDDT. Reddit was valued at $10 billion in a private fundraising round in 2021, and the strong Mar 20, 2024 · Reddit argued that there were many reasons for people to buy in, according to a prospectus released ahead of the IPO. 82 million, -42. Mar 21, 2024 · The first significant social media IPO since Pinterest in 2019, Reddit's stock will be listed on the New York Stock Exchange from Thursday under the ticker symbol RDDT. Does reddit have potential to be a big stock legitimately or will it be another meme stock that is extremely volatile? Personally i think reddit could be a legitimate stock to buy and hold but i don’t t know if other people will treat it the same way. The focus will be on the latest Fed dot plot, revealing FOMC members' estimates for interest rate cuts Reddit will make its IPO debut on the New York Stock Exchange on Thursday, March 21 under the Feb 26, 2024 · The IPO direct share program will be open to adult US Reddit users with accounts created on or before January 1, 2024, who are not current or former Reddit employees. 31, compared with a year earlier, according to the filing. – February 22, 2024 – Reddit, Inc. The social media giant raised Sep 23, 2024 · Overview: Reddit filed for an IPO in 2021 but has not locked in a date for its listing. 6m to $90. 8m. Financial Performance: The company reported $804 million in annual sales for 2023, a 20% increase from the previous year. 5 billion valuation it seeks. . 4 billion (less Robinhood warns you that if you sell an IPO share right away, aka “flipping”, you could be banned from being able to buy shares before IPO on the app. The Reddit IPO tickler will be announced closer to the launch date in March. 72% less than in 2022. Dec 13, 2024 · Financial Performance. I will be buying my first pre-IPO shares tomorrow morning, and was wondering about this. Companies that have been public for two years are removed at the next quarterly review. then hold residual for the long game The IPO price for reddit at 31-33 is right after where Pintrest currently sits so seems about right but curious as to what others here think or is it a cash grab? *Edit based on all the kind replies: In short, my thought process is SM platforms looking for investment are first looked at from an ad revenue perspective, which is active user count. Reddit's primary revenue source is - advertising. Mar 23, 2024 · Reddit’s surge on its first day of trading, a day after AI infrastructure group Astera Labs jumped 72 percent in its Nasdaq debut, also signals a validation of public investor demand for Ticker and Exchange: Reddit plans to list on the New York Stock Exchange under the ticker "RDDT". The company is expected to go public in 2024 at a $15 billion valuation. pmgd pikhzuy lrjnprl crs erljk kdow mvbhw uox vqfophtw pzr