Reddit targets £5bn valuation in US public float with users able to buy stock Media If successful, the IPO could see Reddit raising more than $500m, with a potential to reach up to $748m if it sells about 22m shares.
Reddit reveals quirky IPO plans to let users buy into stock tech Social media site Reddit filed for a hotly anticipated IPO on the New York Stock Exchange in March yesterday with plans for an unusual offering to allow its users buy into the stock on debut.
Reddit to pursue March IPO after three years mulling it – reports Technology The IPO would be the first by a major social media company since Pinterest's launch back in 2019.
Something for the weekend: This week’s five most-read stories on Cityam.com February 3, 2023 A Reddit user called fatmummy, interest rates, vaccines, the ECB and an ignominiouss end to government-funded Tech Nation – here’s what City A.M. readers most wanted to click on this week. One: How a saucepan broke the internet. If lockdown had you baking and prepping then this story would have piqued your interest. Houseproud, or [...]
Reddit confidentially files for IPO at valuation of up to $15bn December 16, 2021 Online message board operator Reddit has confidentially applied to the US securities regulator to go public in an IPO that could see it valued at more than $15bn. It comes after initial reports in September that the community-driven platform was plotting a listing in the US, and was seeking a valuation of at least $15bn [...]
The most popular source of investment ideas for Gen Y and Z? Social media November 17, 2021 A new survey has confirmed the trends we saw during the pandemic, when retail investing became part of the zeitgeist due to a combination of social isolation, boredom, spare cash and rapidly innovating fintechs. Over half (56 per cent) of 18-34 year olds in the UK who invest attribute their strategy to ideas published on [...]
Reddit seeks advisers for $15bn plus New York IPO September 2, 2021 Online message board operator Reddit is reportedly seeking to hire lawyers and investment bankers as advisers for a US IPO that could see it valued at more than $15bn. Reddit, the self-styled “front page of the internet”, was in the spotlight earlier this year when day traders on its forum sparked a huge rally in [...]
Screenshot: Can the City harness the power of the Netflix model? August 13, 2021 This week **Media Moment of the Week: Victoria Derbyshire’s heels hiccup **Can the City harness the power of the Netflix model? **The CMA goes for GIFs Media Moment of the Week: Victoria Derbyshire’s heels hiccup Late on Wednesday evening prolific BBC presenter Victoria Derbyshire tweeted to say she’d be on air three times in a [...]
London vaccine race: NHS crackdown on clinics allowing second dose queue-jumping July 7, 2021 London vaccine race: NHS crackdown on clinics allowing second dose queue-jumping
Gamestop drops while Clover Health rises as rollercoaster ‘meme stocks’ continue June 10, 2021 GameStop shares fell 7.6 per cent this morning while Clover Health Investments (CLOV.O) jumped 5.9 per cent earlier today after soaring about 86 per cent earlier this week as retail traders on reddit turn their attention to new stocks to push up. GameStop announced the head of Amazon’s Australian business, Matt Furlong, as its new [...]