Reddit files for IPO, will it become the next meme stock?
By Julianna
Reddit, the home of WallStreetBets, announced on Wednesday that it has confidentially submitted a draft registration statement with the SEC to go public. ![]()
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The San Francisco-based company did not determine the number of shares to be offered and the price range for the proposed offering. The listing is expected to occur after the U.S. SEC completes its review process, subject to market and other conditions.
Reddit was valued at $10 billion by investors in a funding round this summer, didn't disclose what valuation it would seek in the IPO.
--- according to Bloomberg, 'Reddit is raising funding at a $10 billion value' published in this August.
--- according to Bloomberg, 'Reddit is raising funding at a $10 billion value' published in this August.
At the time of that funding round, the company said that it had reached $100 million in advertising revenue during the second quarter of 2021, up 192% from a year prior.![]()
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Learn more about the company profile and details about the IPO: Reddit confidentially filed for IPO and seek $15 bln valuation
Reddit saw a surge of interest this year after a forum on the site, WallStreetBets, jolted the stock market. The WSB community currently have 11.3 million members (they usually call themselves 'retards', 'degenerates', 'apes'). The trading frenzy, driven largely by post on the site, whipsawed the prices of $GameStop(GME.US$, $AMC Entertainment(AMC.US$, and silver. The result was a rewriting of the previously understood rules of Wall Street trading.
Want to know what WSB is disscusing today? Check out: WallStreetBets top 10 ticker sentiment 12/16: TSLA, AAPL, NVDA and more
*Karma: rewards points that users could gain after thier posts or comments get upvoted.
Source: Reddit, PR Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Let's find out what is trending on the internet🔥🔥🔥
Hot stuffs from Reddit/Stocktwits/Ins
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Tiggerpepper : Yeah
Ah Boo : Yes
Nikkii : King of Meme. Gotta be fun watching this stock.
钱包君你要振作起来 : To catch up with the trend, you must buy some and put it in your account
Th3 Gift : it is possible.
韭菜晋级 : eh
Safari Pokemon : Certainly something to look forward to
102488620 : 100% meme stock
DeShawn W Keys : Really, whose going to buy that stock, once again you don't have shit, you're piss pot poor so give it up, go home lay it down. I mean everything I say and type.
ur wifes boyfriend : after Moass then wut
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