Reddit, Inc.

Reddit, Inc. (RDDT) priced its initial public offering on Mar 21, 2024 at $34.00 per share, raising $748M, and listed on NYSE. At the IPO price its market capitalization was about $5.41B. Goldman Sachs was lead-left underwriter. Latham & Watkins and Whalen advised the company and Davis Polk advised the underwriters.

Reddit, Inc. operates a global online platform made up of communities where people can learn from one another, hold conversations, explore their passions and research new hobbies.

Status

IPO

Ticker

RDDT

Exchange

NYSE

Priced

Mar 21, 2024

IPO price

$34.00

Raised

$748M

Market cap at IPO price

$5.41B

First filed

Feb 22, 2024

Underwriters

Goldman Sachs

Company counsel

Latham & Watkins and Whalen

Underwriters' counsel

Davis Polk

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.