Reddit, the popular social media platform, has officially filed its IPO prospectus with the Securities and Exchange Commission, marking a significant step toward its market debut on the New York Stock Exchange under the ticker symbol “RDDT.” This move, as reported by CNBC, positions Reddit for its initial public offering in March, making it the first major tech IPO of the year and the first social media platform to go public since Pinterest in 2019. According to the filing, Reddit boasted $804 million in annual sales for 2023, a 20% increase from the previous year’s $666.7 million.
Reddit’s Ipo Filing Reveals Major Stake By Openai Ceo Sam Altman
Maxwell Nelson, ReadWriteWeb
Thu, 02/22/2024 - 4:02pm
Topics: securities exchange commission york stock exchange rddt this cnbc march december facebook s meta alphabet the verge s additionally the hollywood reporter llms altman s readwrite reddit ipo google reddit s ipo ai ai openai ceo sam altman reddit s platform million year company media public social significant growth loss leverage advertising move market offering users reported debut vast data business user plans
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