Reddit's IPO is set to begin trading on the New York Stock Exchange (NYSE) on Thursday.

[{"selector":"#anim-c86fbf11-2139-4ce3-a1e0-48f5e31b2e6c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.247656136211504%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-6e1e51a7-43fe-4d6a-a623-7034fcb46511","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3dd4cbb6-e48b-470a-9862-7125a38d000d","keyframes":{"transform":["translate3d(-114.45784%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The offering is valued at approximately $6.4 billion, with the company expected to raise its target of $748 million from the public market.

[{"selector":"#anim-1b270033-2644-47d2-886e-f16914736860 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-10.286458219559066%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-3f0f83d5-ae81-4deb-9142-7b6330611aa1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e195fb57-e3df-4346-91da-78b4d122b8c2","keyframes":{"transform":["translate3d(-114.03509%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The company filed paperwork for its IPO a month ago, after initially pursuing a listing in 2021 with a $15 billion valuation.

[{"selector":"#anim-f1f56b08-28cd-4ac9-a786-28cd9e017627 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-23.753933663896692%, 0, 0) translate(16.33986928104575%, -5.539755086609875%) scale(0.673202614379085)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-464cea60-a989-442d-8f5e-9646c2275653","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bc714e21-a4aa-4f6d-b78a-f6d03cbc1a1c","keyframes":{"transform":["translate3d(-114.20119%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The SEC filing revealed investments in cryptocurrency and OpenAI CEO Sam Altman as investors.

[{"selector":"#anim-0e65fb77-55d3-4944-8169-bf14707e91a1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-d435fa33-b619-408d-9df1-955671eb4b1f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5cf4e9b7-4d79-4ec9-8493-039257b51143","keyframes":{"transform":["translate3d(-113.99417%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Despite 2023 revenue of $804 million, Reddit has not made a profit in its nearly 20-year history.

[{"selector":"#anim-c20e572a-c4bb-48a3-a2c9-4756f12d043b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-3ab0967a-6489-48b8-9062-00abf82f6805","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-096a2ab5-5e7e-4625-9e4e-d2053d87d1fd","keyframes":{"transform":["translate3d(-114.28572%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The company recently signed a $60 million data-sharing deal with Google.

[{"selector":"#anim-04b178a6-7cbc-4ee1-a20a-921f46179fe9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0, -34.4568059650282%, 0) translate(13.065555869998414%, 13.089005235602091%) scale(0.7382198952879582)","translate3d(0, 0%, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-921175b2-43ab-41fa-9bbf-28dbd45120b3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-953fcce5-f3f1-457f-9e28-56a79893d4eb","keyframes":{"transform":["translate3d(-116.96428%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Reddit faces challenges including an FTC investigation and a patent dispute with Nokia Corp.

[{"selector":"#anim-23cb5b75-9e7e-45d4-8650-49f02d6a7b5e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-578c76dd-563e-4e86-b394-862305060e34","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd9fca2d-52f6-417e-ac97-74eed02dfcdb","keyframes":{"transform":["translate3d(-114.76924%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Reddit's IPO is set to begin trading on the New York Stock Exchange (NYSE) on Thursday.

Reddit's IPO is set to begin trading on the New York Stock Exchange (NYSE) on Thursday.

The offering is valued at approximately $6.4 billion, with the company expected to raise its target of $748 million from the public market.

The offering is valued at approximately $6.4 billion, with the company expected to raise its target of $748 million from the public market.

The company filed paperwork for its IPO a month ago, after initially pursuing a listing in 2021 with a $15 billion valuation.

The company filed paperwork for its IPO a month ago, after initially pursuing a listing in 2021 with a $15 billion valuation.

The SEC filing revealed investments in cryptocurrency and OpenAI CEO Sam Altman as investors.

The SEC filing revealed investments in cryptocurrency and OpenAI CEO Sam Altman as investors.

Despite 2023 revenue of $804 million, Reddit has not made a profit in its nearly 20-year history.

Despite 2023 revenue of $804 million, Reddit has not made a profit in its nearly 20-year history.

The company recently signed a $60 million data-sharing deal with Google.

The company recently signed a $60 million data-sharing deal with Google.

Reddit faces challenges including an FTC investigation and a patent dispute with Nokia Corp.

Reddit faces challenges including an FTC investigation and a patent dispute with Nokia Corp.

Read More Like This

Read More Like This