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Reddit is gearing up for its IPO, with the roadshow set to start on Monday and the pricing scheduled for March 20. The company aims to begin trading the day after the IPO, marking a significant event in the tech market for 2024. Reddit's push for ad revenue is intensifying as the IPO draws nearer, with expectations of significant volatility in the share price due to its user base. The IPO is highly anticipated and could offer an 'unprecedented' twist in the meme-stock saga, with investors advised to be cautious.
Reddit and its investors are seeking to raise as much as $748 million in what would be one of the biggest IPOs so far this year https://t.co/aChPT09jHu
Reddit and its investors are seeking to raise as much as $748 million in what would be one of the biggest IPOs so far this year https://t.co/ZJXxEwaneq
REDDIT IS REPORTEDLY AIMING TO SELL 22 MILLION SHARES AT A PRICE RANGE OF $31 TO $34 PER SHARE, WITH PLANS TO SUBMIT A REVISED IPO FILING TO THE SEC. THE SOCIAL MEDIA PLATFORM'S ANTICIPATED INITIAL PUBLIC OFFERING IS SAID TO BE SEEKING UP TO $748 MILLION