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Reddit is set to go public on the New York Stock Exchange this week, with its fate partly in the hands of its users. The IPO offering involves Reddit contributors, known as 'Redditors,' and moderators. The company aims for a top valuation of $6.4 billion, making it one of the largest listings recently. WallStreetBets alum and a Reddit moderator are among those investing in the IPO. The IPO is highly anticipated, with investors closely watching it as a potential watershed moment for the tech industry.
"This gives investors a new chance to sort of buy into the next generation of technology here," Thomvest Ventures managing director Don Butler says ahead of Reddit's NYSE IPO debut. https://t.co/ETgUC0sJs7
congratulations, $rddt! from the condé nast acquisition, to the brilliant spin-out, to the scale-up… truly an incredible story. thank you for inviting us in back in the day, @alexisohanian and @yishan. the online community that got to scale. ✨
It's Reddit IPO day! Here's my story on its very strange, twisting journey in the private markets, where somehow an old-school magazine companies is netting many multiples more than Silicon Valley royalty. Spinouts, warrants, secondaries, oh my. https://t.co/9JAIB55B6J https://t.co/s9VxYIUywi
