Reddit IPO

Latest News

03-22

Reddit Has a Huge Debut. The Stock Is an AI Play, of Course

03-22

Should You Invest in Reddit After 48% Pop?

03-22

Reddit Shares End Trading up 48% in Market Debut

User Discussion

Tiger V

08-27

Reddit and Meta: Diverging Paths in Digital Advertising

Overview: The advertising landscape is witnessing a significant shift as Reddit Inc. $Reddit(RDDT)$ , six months into its life as a publicly traded company, starts to attract advertisers by offering a unique approach to targeted ads. While Meta Platforms Inc. $Meta Platforms, Inc.(META)$ and other tech giants like Alphabet’s Google $Alphabet(GOOG)$ and Amazon $Amazon.com(AMZN)$ rely heavily on user identities and personal data for ad targeting, Reddit takes a different path, focusing on users' interests through its extensive

Reddit and Meta: Diverging Paths in Digital Advertising

johaidi

07-21

Guess the winner，Earn Tiger Coins

Find out more here:Guess the winner，Earn Tiger Coins Join the Guessing Game , find high-yield Sharers! Win up to 50000 Tiger Coins.

Guess the winner，Earn Tiger Coins

johaidi

07-20

$LIONGLOBAL USD ENHANCED LIQUIDITY "A" (USD) ACC(SGXZ75661421.USD)$

johaidi

07-20

Topi$Tiger Brokers(TIGR)$ $Renaissance IPO ETF(IPO)$

JacksNiffler

04-02

Will you follow Cathie Wood to buy Reddit?

On the first day of the $Reddit (RDDT)$ IPO, Cathie Wood's Ark Invest bought 10,000 shares, with 5,914 shares of Reddit purchased in the $ARK Next Generation Internet ETF(ARKW)$ fund and 4,068 shares in the $ARK Fintech Innovation ETF(ARKF)$ Since it was bought on the first day, Reddit's IPO price was $34 per share, the Thursday opening price was $47 per share. As of April 2nd, the closing price was $45.97 per share, and this batch of holdings may already be incurring losses. So, if you had the chance to buy Ark at the bottom, would you buy it?

Will you follow Cathie Wood to buy Reddit?

MIe

03-22

Reddit ipo demonstrated that ipo is back n stable in this technical bull market- open at $46.8 to $47 n closed at $50😎 also, one of investors , open ai Sam did not sell his 9% stake in Reddit at all😎 reddit has data ai potential n biz model transform growth

Reddit Has a Huge Debut. The Stock Is an AI Play, of Course

MIe

03-21

Reddit ipo upsude leverage record market rally after fed rate decision

Reddit Prices IPO at $34 a Share, Valuing It at $6.4 Billion

k1w1ana

03-21

Would like to share.

breAkdaWn

03-18

Probably worth 3 dollars ultimately?

Reddit's IPO as Much as Five Times Oversubscribed, Sources Say

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It May Not Usher In the Next IPO Wave","subtitle":"","subtitle_show":0,"pub_time":1710830863978,"source_id":"","language":"en","url":"","is_publish_highlight":1,"symbols_score_info":{"RDDT":1.1},"rights":null},{"id":65012,"article_id":"2420453660","title":"Reddit's IPO as Much as Five Times Oversubscribed, Sources Say","subtitle":"","subtitle_show":0,"pub_time":1710719206046,"source_id":"","language":"en","url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":1,"symbols_score_info":{"RDDT":1},"rights":null},{"id":65013,"article_id":"2419661536","title":"Reddit Sees More Than 20% Sales Growth in 2024 in IPO 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V","avatar":"https://community-static.tradeup.com/news/929ef5d38a3a27e3d8f60d939883e7bb","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4092890920697680","idStr":"4092890920697680"},"themes":[],"title":"Reddit and Meta: Diverging Paths in Digital Advertising","htmlText":"Overview:&nbsp; The advertising landscape is witnessing a significant shift as Reddit Inc. <a href=\"https://ttm.financial/S/RDDT\">$Reddit(RDDT)$ </a>&nbsp;, six months into its life as a publicly traded company, starts to attract advertisers by offering a unique approach to targeted ads. While Meta Platforms Inc. <a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;and other tech giants like Alphabet’s Google <a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$&nbsp;</a>&nbsp;and Amazon <a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a> <v-v data-views=\"1\"></v-v>&nbsp;rely heavily on user identities and personal data for ad targeting, Reddit takes a different path, focusing on users' interests through its extensive","listText":"Overview:&nbsp; The advertising landscape is witnessing a significant shift as Reddit Inc. <a href=\"https://ttm.financial/S/RDDT\">$Reddit(RDDT)$ </a>&nbsp;, six months into its life as a publicly traded company, starts to attract advertisers by offering a unique approach to targeted ads. While Meta Platforms Inc. <a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;and other tech giants like Alphabet’s Google <a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$&nbsp;</a>&nbsp;and Amazon <a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$&nbsp;</a> <v-v data-views=\"1\"></v-v>&nbsp;rely heavily on user identities and personal data for ad targeting, Reddit takes a different path, focusing on users' interests through its extensive","text":"Overview: The advertising landscape is witnessing a significant shift as Reddit Inc. $Reddit(RDDT)$ , six months into its life as a publicly traded company, starts to attract advertisers by offering a unique approach to targeted ads. While Meta Platforms Inc. $Meta Platforms, Inc.(META)$ and other tech giants like Alphabet’s Google $Alphabet(GOOG)$ and Amazon $Amazon.com(AMZN)$ rely heavily on user identities and personal data for ad targeting, Reddit takes a different path, focusing on users' interests through its extensive","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":73,"commentSize":0,"repostSize":2,"link":"https://ttm.financial/post/342886329626840","isVote":1,"tweetType":1,"viewCount":471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329930628608168,"gmtCreate":1721555237496,"gmtModify":1721564496461,"author":{"id":"4172720900729512","authorId":"4172720900729512","name":"johaidi","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4172720900729512","idStr":"4172720900729512"},"themes":[],"title":"Guess the winner，Earn Tiger Coins","htmlText":"Find out more here:<a href=\"https://tigr.link/9f4BnQ\">Guess the winner，Earn Tiger Coins</a> Join the Guessing Game , find high-yield Sharers! Win up to 50000 Tiger Coins.","listText":"Find out more here:<a href=\"https://tigr.link/9f4BnQ\">Guess the winner，Earn Tiger Coins</a> Join the Guessing Game , find high-yield Sharers! Win up to 50000 Tiger Coins.","text":"Find out more here:Guess the winner，Earn Tiger Coins Join the Guessing Game , find high-yield Sharers! Win up to 50000 Tiger Coins.","images":[{"img":"https://static.tigerbbs.com/f5b7f90833b0728cadecb5cb81220f1d"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329930628608168","isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":329499423789104,"gmtCreate":1721449813584,"gmtModify":1721449814642,"author":{"id":"4172720900729512","authorId":"4172720900729512","name":"johaidi","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4172720900729512","idStr":"4172720900729512"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ </a>&nbsp;","text":"$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329499423789104","isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329494326796584,"gmtCreate":1721448621389,"gmtModify":1721448625144,"author":{"id":"4172720900729512","authorId":"4172720900729512","name":"johaidi","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4172720900729512","idStr":"4172720900729512"},"themes":[],"htmlText":"Topi<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a>&nbsp;<a href=\"https://ttm.financial/S/IPO\">$Renaissance IPO ETF(IPO)$ </a>&nbsp;","listText":"Topi<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$ </a>&nbsp;<a href=\"https://ttm.financial/S/IPO\">$Renaissance IPO ETF(IPO)$ </a>&nbsp;","text":"Topi$Tiger Brokers(TIGR)$ $Renaissance IPO ETF(IPO)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329494326796584","isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":290881991266408,"gmtCreate":1712024483572,"gmtModify":1712024599728,"author":{"id":"4113023309293912","authorId":"4113023309293912","name":"JacksNiffler","avatar":"https://community-static.tradeup.com/news/725d6b9ccfa2d33fef0434c9af5668e2","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4113023309293912","idStr":"4113023309293912"},"themes":[],"title":"Will you follow Cathie Wood to buy Reddit?","htmlText":"On the first day of the <a href=\"https://ttm.financial/S/RDDT\">$Reddit (RDDT)$</a> IPO, Cathie Wood's Ark Invest bought 10,000 shares, with 5,914 shares of Reddit purchased in the <a href=\"https://ttm.financial/S/ARKW\">$ARK Next Generation Internet ETF(ARKW)$</a> fund and 4,068 shares in the <a href=\"https://ttm.financial/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a> Since it was bought on the first day, Reddit's IPO price was $34 per share, the Thursday opening price was $47 per share. As of April 2nd, the closing price was $45.97 per share, and this batch of holdings may already be incurring losses. So, if you had the chance to buy Ark at the bottom, would you buy it?","listText":"On the first day of the <a href=\"https://ttm.financial/S/RDDT\">$Reddit (RDDT)$</a> IPO, Cathie Wood's Ark Invest bought 10,000 shares, with 5,914 shares of Reddit purchased in the <a href=\"https://ttm.financial/S/ARKW\">$ARK Next Generation Internet ETF(ARKW)$</a> fund and 4,068 shares in the <a href=\"https://ttm.financial/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a> Since it was bought on the first day, Reddit's IPO price was $34 per share, the Thursday opening price was $47 per share. As of April 2nd, the closing price was $45.97 per share, and this batch of holdings may already be incurring losses. So, if you had the chance to buy Ark at the bottom, would you buy it?","text":"On the first day of the $Reddit (RDDT)$ IPO, Cathie Wood's Ark Invest bought 10,000 shares, with 5,914 shares of Reddit purchased in the $ARK Next Generation Internet ETF(ARKW)$ fund and 4,068 shares in the $ARK Fintech Innovation ETF(ARKF)$ Since it was bought on the first day, Reddit's IPO price was $34 per share, the Thursday opening price was $47 per share. As of April 2nd, the closing price was $45.97 per share, and this batch of holdings may already be incurring losses. So, if you had the chance to buy Ark at the bottom, would you buy it?","images":[{"img":"https://static.tigerbbs.com/0f54f720069fab4137eb90289c79199a","width":"1768","height":"699"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":114,"commentSize":1,"repostSize":13,"link":"https://ttm.financial/post/290881991266408","isVote":1,"tweetType":1,"viewCount":1388,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4101545765383330","authorId":"4101545765383330","name":"Azerone.Kee","avatar":"https://community-static.tradeup.com/news/d39387dc5f4bc64e4716bd64e398a9e2","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4101545765383330","idStr":"4101545765383330"},"content":"to me the sample size is too small for analysis, I will not try my luck, and so I will keep a way from it until one day it might catch my attention again.","text":"to me the sample size is too small for analysis, I will not try my luck, and so I will keep a way from it until one day it might catch my attention again.","html":"to me the sample size is too small for analysis, I will not try my luck, and so I will keep a way from it until one day it might catch my attention again."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":286924656185544,"gmtCreate":1711072309521,"gmtModify":1711072314203,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577182936341023","idStr":"3577182936341023"},"themes":[],"htmlText":"Reddit ipo demonstrated that ipo is back n stable in this technical bull market- open at $46.8 to $47 n closed at $50😎 also, one of investors , open ai Sam did not sell his 9% stake in Reddit at all😎 &nbsp;reddit has data ai potential n biz model transform growth&nbsp;","listText":"Reddit ipo demonstrated that ipo is back n stable in this technical bull market- open at $46.8 to $47 n closed at $50😎 also, one of investors , open ai Sam did not sell his 9% stake in Reddit at all😎 &nbsp;reddit has data ai potential n biz model transform growth&nbsp;","text":"Reddit ipo demonstrated that ipo is back n stable in this technical bull market- open at $46.8 to $47 n closed at $50😎 also, one of investors , open ai Sam did not sell his 9% stake in Reddit at all😎 reddit has data ai potential n biz model transform growth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286924656185544","repostId":"2421034940","repostType":2,"repost":{"id":"2421034940","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1711070839,"share":"https://ttm.financial/m/news/2421034940?lang=&edition=fundamental","pubTime":"2024-03-22 09:27","market":"nz","language":"en","title":"Reddit Has a Huge Debut. The Stock Is an AI Play, of Course","url":"https://stock-news.laohu8.com/highlight/detail?id=2421034940","media":"Dow Jones","summary":"It sure was an impressive start of trading for Reddit. And for that, you can thank artificial intelligence. Again.The online discussion site went public on Thursday with an offering of 22 million shares at $34 each, including 15.3 million new shares. The rest were sold by existing shareholders.The stock opened for trading at $47 and finished the first day of trading at just over $50, for a gain of 48% relative to the IPO price. On a fully diluted basis, that gives Reddit a valuation of about $9.6 billion, or about 10 times the roughly $1 billion in revenue the company is likely to report for 2024.Reddit posed a test of the stock market's appetite for IPOs, and its impressive debut should crack open the window for offerings a little further. The stock immediately jumped to a premium to more established social media plays.A more nascent business model for Reddit is licensing its vast library of posts for training large language models. He said that Reddit has agreements in place with Goo","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Eric J. Savitz \n</p>\n<p>\n  It sure was an impressive start of trading for <a href=\"https://laohu8.com/S/RDDT\">Reddit</a>. And for that, you can thank artificial intelligence. Again. \n</p>\n<p>\n     The online discussion site went public on Thursday with an offering of 22 million shares at $34 each, including 15.3 million new shares. The rest were sold by existing shareholders. \n</p>\n<p>\n     The stock opened for trading at $47 and finished the first day of trading at just over $50, for a gain of 48% relative to the IPO price. On a fully diluted basis, that gives Reddit a valuation of about $9.6 billion, or about 10 times the roughly $1 billion in revenue the company is likely to report for 2024. \n</p>\n<p>\n     That is still less than the $15 billion valuation the company once reached in the private market. \n</p>\n<p>\n     Reddit posed a test of the stock market's appetite for IPOs, and its impressive debut should crack open the window for offerings a little further. The stock immediately jumped to a premium to more established social media plays. \n</p>\n<p>\n     Snap trades for about three times the sales expected for the current year, while Pinterest sells for about six times. Reddit is closer to <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>, the parent of Facebook and Instagram, at about nine times. \n</p>\n<p>\n     This IPO was co-managed by bankers at Morgan Stanley, Goldman Sachs, J.P. Morgan and BofA Securities. There is no doubt they are all sporting ear-to-ear grins. \n</p>\n<p>\n     A flurry of IPOs last fall, for Arm Holdings, Instacart, and Klaviyo, failed to spur any improvement in the market for new offerings. Reddit's strong reception may provide a better catalyst. \n</p>\n<p>\n     Reddit operates as a sort of old-school digital bulletin board that covers every imaginable topic. \"Reddit is where people come to explore their interests, learn, express themselves, create and understand other people's experiences and perspectives,\" the company said in its IPO filing. \n</p>\n<p>\n     Reddit hasn't been a huge grower in recent quarters: In 2023, revenue increased a solid but not spectacular 21%. But there are opportunities emerging for Reddit that appear to have the Street expecting better growth from here. Here is where AI comes in. \n</p>\n<p>\n     Reddit CFO Drew Vollero told Barron's in an interview on Thursday that the company has three primary ways to make money. Only one of those is really reflected in its reported financial results. \n</p>\n<p>\n     The first and earliest business line, accounting for almost all historical revenue at the company, is advertising. On that score, Vollero contends that the company addresses \"a differentiated consumer base\" that other social-media platforms aren't reaching. \"People see lots of runway for us in advertising both domestically and internationally,\" Vollero said. \n</p>\n<p>\n     A more nascent business model for Reddit is licensing its vast library of posts for training large language models. He said that Reddit has agreements in place with Google and some other smaller companies that together should generate over $200 million in revenue over the next three years combined, or about $66 million a year. None of that money was included in Reddit's 2023 financial results, he said. \n</p>\n<p>\n     A third opportunity, an area where Reddit has yet to roll out a product, is what Vollero calls \"the user economy.\" The idea is to make it possible for people to earn a living from Reddit, either through selling goods or providing services. He said some people are already making money from the site by selling used watches, photoshopping images for clients, or selling software for games that can be played on Reddit. But he said the company hasn't started pursuing the user economy in a formal way. \n</p>\n<p>\n     Several weeks ago, NewStreet Research analyst Dan Salmon picked up coverage of the stock. He has now updated his analysis, setting a $54 price target on Reddit shares. Salmon is particularly bullish on the company's opportunity to license its data. He sees revenue rising 44% to $1.16 billion, with a further 34% jump to $1.55 billion in 2025. \n</p>\n<p>\n     The largest single investor in Reddit is Advance Magazine Publishers, a company controlled by the Newhouse family, which owns Condé Nast, American City Business Journals, and other media properties. Condé Nast acquired Reddit for $10 million in 2006, and spun it back out to the company's management team in 2011, maintaining a large stake. Advance owns a 26.5% stake in Reddit following the IPO. \n</p>\n<p>\n     OpenAI CEO Sam Altman holds a 7.6% stake in the company. Other large investors include Fidelity, with 7.4%; the venture funds Quiet Capital and Tacit Capital, both tied to the investor and former NFL football player Ben Mahdavi, with 6.0%; the Chinese internet company Tencent, with 9.7%; and Vy Capital, an investor firm formed by Alexander Tamas, a former partner of the Russian-born billionaire investor Yuri Milner, with a 4.5% stake. Founder and CEO Steve Huffman has a 3.2% stake. \n</p>\n<p>\n     Note that 82% of the company's shares outstanding are subject to a lockup period that expires on the third day after the company reports its June quarter earnings, or 180 days after the IPO, whichever comes first. In short, at some point there are going to be a lot more Reddit shares available to trade. \n</p>\n<p>\n     Write to Eric J. Savitz at eric.savitz@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 22, 2024 08:59 ET (12:59 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit Has a Huge Debut. The Stock Is an AI Play, of Course</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit Has a Huge Debut. The Stock Is an AI Play, of Course\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-03-22 09:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Eric J. Savitz \n</p>\n<p>\n  It sure was an impressive start of trading for <a href=\"https://laohu8.com/S/RDDT\">Reddit</a>. And for that, you can thank artificial intelligence. Again. \n</p>\n<p>\n     The online discussion site went public on Thursday with an offering of 22 million shares at $34 each, including 15.3 million new shares. The rest were sold by existing shareholders. \n</p>\n<p>\n     The stock opened for trading at $47 and finished the first day of trading at just over $50, for a gain of 48% relative to the IPO price. On a fully diluted basis, that gives Reddit a valuation of about $9.6 billion, or about 10 times the roughly $1 billion in revenue the company is likely to report for 2024. \n</p>\n<p>\n     That is still less than the $15 billion valuation the company once reached in the private market. \n</p>\n<p>\n     Reddit posed a test of the stock market's appetite for IPOs, and its impressive debut should crack open the window for offerings a little further. The stock immediately jumped to a premium to more established social media plays. \n</p>\n<p>\n     Snap trades for about three times the sales expected for the current year, while Pinterest sells for about six times. Reddit is closer to <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>, the parent of Facebook and Instagram, at about nine times. \n</p>\n<p>\n     This IPO was co-managed by bankers at Morgan Stanley, Goldman Sachs, J.P. Morgan and BofA Securities. There is no doubt they are all sporting ear-to-ear grins. \n</p>\n<p>\n     A flurry of IPOs last fall, for Arm Holdings, Instacart, and Klaviyo, failed to spur any improvement in the market for new offerings. Reddit's strong reception may provide a better catalyst. \n</p>\n<p>\n     Reddit operates as a sort of old-school digital bulletin board that covers every imaginable topic. \"Reddit is where people come to explore their interests, learn, express themselves, create and understand other people's experiences and perspectives,\" the company said in its IPO filing. \n</p>\n<p>\n     Reddit hasn't been a huge grower in recent quarters: In 2023, revenue increased a solid but not spectacular 21%. But there are opportunities emerging for Reddit that appear to have the Street expecting better growth from here. Here is where AI comes in. \n</p>\n<p>\n     Reddit CFO Drew Vollero told Barron's in an interview on Thursday that the company has three primary ways to make money. Only one of those is really reflected in its reported financial results. \n</p>\n<p>\n     The first and earliest business line, accounting for almost all historical revenue at the company, is advertising. On that score, Vollero contends that the company addresses \"a differentiated consumer base\" that other social-media platforms aren't reaching. \"People see lots of runway for us in advertising both domestically and internationally,\" Vollero said. \n</p>\n<p>\n     A more nascent business model for Reddit is licensing its vast library of posts for training large language models. He said that Reddit has agreements in place with Google and some other smaller companies that together should generate over $200 million in revenue over the next three years combined, or about $66 million a year. None of that money was included in Reddit's 2023 financial results, he said. \n</p>\n<p>\n     A third opportunity, an area where Reddit has yet to roll out a product, is what Vollero calls \"the user economy.\" The idea is to make it possible for people to earn a living from Reddit, either through selling goods or providing services. He said some people are already making money from the site by selling used watches, photoshopping images for clients, or selling software for games that can be played on Reddit. But he said the company hasn't started pursuing the user economy in a formal way. \n</p>\n<p>\n     Several weeks ago, NewStreet Research analyst Dan Salmon picked up coverage of the stock. He has now updated his analysis, setting a $54 price target on Reddit shares. Salmon is particularly bullish on the company's opportunity to license its data. He sees revenue rising 44% to $1.16 billion, with a further 34% jump to $1.55 billion in 2025. \n</p>\n<p>\n     The largest single investor in Reddit is Advance Magazine Publishers, a company controlled by the Newhouse family, which owns Condé Nast, American City Business Journals, and other media properties. Condé Nast acquired Reddit for $10 million in 2006, and spun it back out to the company's management team in 2011, maintaining a large stake. Advance owns a 26.5% stake in Reddit following the IPO. \n</p>\n<p>\n     OpenAI CEO Sam Altman holds a 7.6% stake in the company. Other large investors include Fidelity, with 7.4%; the venture funds Quiet Capital and Tacit Capital, both tied to the investor and former NFL football player Ben Mahdavi, with 6.0%; the Chinese internet company Tencent, with 9.7%; and Vy Capital, an investor firm formed by Alexander Tamas, a former partner of the Russian-born billionaire investor Yuri Milner, with a 4.5% stake. Founder and CEO Steve Huffman has a 3.2% stake. \n</p>\n<p>\n     Note that 82% of the company's shares outstanding are subject to a lockup period that expires on the third day after the company reports its June quarter earnings, or 180 days after the IPO, whichever comes first. In short, at some point there are going to be a lot more Reddit shares available to trade. \n</p>\n<p>\n     Write to Eric J. Savitz at eric.savitz@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 22, 2024 08:59 ET (12:59 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4534":"瑞士信贷持仓","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0106831901.USD":"贝莱德世界金融基金A2","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","BK4113":"食品零售","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","RDDT":"Reddit","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","PINS":"Pinterest, Inc.","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4548":"巴美列捷福持仓","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4127":"投资银行业与经纪业","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0079474960.USD":"联博美国增长基金A","META":"Meta Platforms, Inc."},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2421034940","content_text":"By Eric J. Savitz \n\n\n  It sure was an impressive start of trading for Reddit. And for that, you can thank artificial intelligence. Again. \n\n\n     The online discussion site went public on Thursday with an offering of 22 million shares at $34 each, including 15.3 million new shares. The rest were sold by existing shareholders. \n\n\n     The stock opened for trading at $47 and finished the first day of trading at just over $50, for a gain of 48% relative to the IPO price. On a fully diluted basis, that gives Reddit a valuation of about $9.6 billion, or about 10 times the roughly $1 billion in revenue the company is likely to report for 2024. \n\n\n     That is still less than the $15 billion valuation the company once reached in the private market. \n\n\n     Reddit posed a test of the stock market's appetite for IPOs, and its impressive debut should crack open the window for offerings a little further. The stock immediately jumped to a premium to more established social media plays. \n\n\n     Snap trades for about three times the sales expected for the current year, while Pinterest sells for about six times. Reddit is closer to Meta Platforms, the parent of Facebook and Instagram, at about nine times. \n\n\n     This IPO was co-managed by bankers at Morgan Stanley, Goldman Sachs, J.P. Morgan and BofA Securities. There is no doubt they are all sporting ear-to-ear grins. \n\n\n     A flurry of IPOs last fall, for Arm Holdings, Instacart, and Klaviyo, failed to spur any improvement in the market for new offerings. Reddit's strong reception may provide a better catalyst. \n\n\n     Reddit operates as a sort of old-school digital bulletin board that covers every imaginable topic. \"Reddit is where people come to explore their interests, learn, express themselves, create and understand other people's experiences and perspectives,\" the company said in its IPO filing. \n\n\n     Reddit hasn't been a huge grower in recent quarters: In 2023, revenue increased a solid but not spectacular 21%. But there are opportunities emerging for Reddit that appear to have the Street expecting better growth from here. Here is where AI comes in. \n\n\n     Reddit CFO Drew Vollero told Barron's in an interview on Thursday that the company has three primary ways to make money. Only one of those is really reflected in its reported financial results. \n\n\n     The first and earliest business line, accounting for almost all historical revenue at the company, is advertising. On that score, Vollero contends that the company addresses \"a differentiated consumer base\" that other social-media platforms aren't reaching. \"People see lots of runway for us in advertising both domestically and internationally,\" Vollero said. \n\n\n     A more nascent business model for Reddit is licensing its vast library of posts for training large language models. He said that Reddit has agreements in place with Google and some other smaller companies that together should generate over $200 million in revenue over the next three years combined, or about $66 million a year. None of that money was included in Reddit's 2023 financial results, he said. \n\n\n     A third opportunity, an area where Reddit has yet to roll out a product, is what Vollero calls \"the user economy.\" The idea is to make it possible for people to earn a living from Reddit, either through selling goods or providing services. He said some people are already making money from the site by selling used watches, photoshopping images for clients, or selling software for games that can be played on Reddit. But he said the company hasn't started pursuing the user economy in a formal way. \n\n\n     Several weeks ago, NewStreet Research analyst Dan Salmon picked up coverage of the stock. He has now updated his analysis, setting a $54 price target on Reddit shares. Salmon is particularly bullish on the company's opportunity to license its data. He sees revenue rising 44% to $1.16 billion, with a further 34% jump to $1.55 billion in 2025. \n\n\n     The largest single investor in Reddit is Advance Magazine Publishers, a company controlled by the Newhouse family, which owns Condé Nast, American City Business Journals, and other media properties. Condé Nast acquired Reddit for $10 million in 2006, and spun it back out to the company's management team in 2011, maintaining a large stake. Advance owns a 26.5% stake in Reddit following the IPO. \n\n\n     OpenAI CEO Sam Altman holds a 7.6% stake in the company. Other large investors include Fidelity, with 7.4%; the venture funds Quiet Capital and Tacit Capital, both tied to the investor and former NFL football player Ben Mahdavi, with 6.0%; the Chinese internet company Tencent, with 9.7%; and Vy Capital, an investor firm formed by Alexander Tamas, a former partner of the Russian-born billionaire investor Yuri Milner, with a 4.5% stake. Founder and CEO Steve Huffman has a 3.2% stake. \n\n\n     Note that 82% of the company's shares outstanding are subject to a lockup period that expires on the third day after the company reports its June quarter earnings, or 180 days after the IPO, whichever comes first. In short, at some point there are going to be a lot more Reddit shares available to trade. \n\n\n     Write to Eric J. Savitz at eric.savitz@barrons.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 22, 2024 08:59 ET (12:59 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286706925916224,"gmtCreate":1711019240402,"gmtModify":1711029321612,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577182936341023","idStr":"3577182936341023"},"themes":[],"htmlText":"Reddit ipo upsude leverage record market rally after fed rate decision&nbsp;","listText":"Reddit ipo upsude leverage record market rally after fed rate decision&nbsp;","text":"Reddit ipo upsude leverage record market rally after fed rate decision","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286706925916224","repostId":"2421707827","repostType":2,"repost":{"id":"2421707827","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1710975579,"share":"https://ttm.financial/m/news/2421707827?lang=&edition=fundamental","pubTime":"2024-03-21 06:59","market":"us","language":"en","title":"Reddit Prices IPO at $34 a Share, Valuing It at $6.4 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2421707827","media":"Dow Jones","summary":"Reddit, the popular news aggregation social media site, priced its initial public offering at $34 a share late Wednesday, at the high end of its expected range of between $31 and $34 a share.At that price, Reddit would be valued at $6.4 billion, according to the report. Reddit is raising $519.4 million from the sale of nearly 15.3 million shares. Other Reddit investors are selling an additional 6.7 million shares through the IPO.Investors hope Reddit's IPO could spark a rebound for new stock offerings after down years in 2022 and 2023. Following a record-setting year in 2021 when nearly 400 companies went public in the U.S. and raised $142.4 billion, issuance slowed to 179 companies generating a combined $27.1 billion in the past two years, according to Renaissance Capital.Reddit's IPO comes one day after another unicorn, artificial intelligence infrastructure provider Astera Labs, debuted with a 72% gain in its shares.","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/RDDT\">Reddit</a>, the popular news aggregation social media site, priced its initial public offering at $34 a share late Wednesday, at the high end of its expected range of between $31 and $34 a share.</p><p>At that price, Reddit would be valued at $6.4 billion, according to the report. Reddit is raising $519.4 million from the sale of nearly 15.3 million shares. Other Reddit investors are selling an additional 6.7 million shares through the IPO.</p><p>Shares are set to begin trading Thursday on the New York Stock Exchange under the ticker RDDT.</p><p>Investors hope Reddit&#39;s IPO could spark a rebound for new stock offerings after down years in 2022 and 2023. Following a record-setting year in 2021 when nearly 400 companies went public in the U.S. and raised $142.4 billion, issuance slowed to 179 companies generating a combined $27.1 billion in the past two years, according to Renaissance Capital.</p><p>Reddit&#39;s IPO comes one day after another unicorn, artificial intelligence infrastructure provider Astera Labs, debuted with a 72% gain in its shares.</p><p>There are worries about Reddit that investors need to consider, most notably that the company is still losing money and that revenue growth slowed in 2023. Reddit also generates nearly all of its sales from advertising, which is a notoriously fickle and cyclical market. Regulatory concerns about data licensing for artificial intelligence could also be an issue.</p><p>Reddit is a well-known brand with a zealous base of users and meme stock investors, some of whom will be getting access to shares before they start trading. The company also has some impressive investors backing it, including top shareholder Advance Magazine Publishers, which owns Condé Nast, as well as owner OpenAI CEO Sam Altman, mutual fund powerhouse Fidelity, and Chinese social media company Tencent.</p><p>Even if shares of Reddit surge in their first day of trading, the jury is still out as to whether or not the stock will be a long-term success story and if Reddit can help prop open the IPO window. Investors may be more discerning than they were when the IPO market unfroze in 2021 after a Covid-induced lull. Reddit itself was valued at $10 billion based on its last round of financing three years ago.</p><p>&#34;The market will judge companies with a far more rigorous set of metrics than 2021,&#34; said Joe Endoso, CEO of Linqto, a firm that offers investors shares in private companies before they go public. &#34;That will narrow the eligible list of candidates. Growth is not enough.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit Prices IPO at $34 a Share, Valuing It at $6.4 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit Prices IPO at $34 a Share, Valuing It at $6.4 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-03-21 06:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/RDDT\">Reddit</a>, the popular news aggregation social media site, priced its initial public offering at $34 a share late Wednesday, at the high end of its expected range of between $31 and $34 a share.</p><p>At that price, Reddit would be valued at $6.4 billion, according to the report. Reddit is raising $519.4 million from the sale of nearly 15.3 million shares. Other Reddit investors are selling an additional 6.7 million shares through the IPO.</p><p>Shares are set to begin trading Thursday on the New York Stock Exchange under the ticker RDDT.</p><p>Investors hope Reddit&#39;s IPO could spark a rebound for new stock offerings after down years in 2022 and 2023. Following a record-setting year in 2021 when nearly 400 companies went public in the U.S. and raised $142.4 billion, issuance slowed to 179 companies generating a combined $27.1 billion in the past two years, according to Renaissance Capital.</p><p>Reddit&#39;s IPO comes one day after another unicorn, artificial intelligence infrastructure provider Astera Labs, debuted with a 72% gain in its shares.</p><p>There are worries about Reddit that investors need to consider, most notably that the company is still losing money and that revenue growth slowed in 2023. Reddit also generates nearly all of its sales from advertising, which is a notoriously fickle and cyclical market. Regulatory concerns about data licensing for artificial intelligence could also be an issue.</p><p>Reddit is a well-known brand with a zealous base of users and meme stock investors, some of whom will be getting access to shares before they start trading. The company also has some impressive investors backing it, including top shareholder Advance Magazine Publishers, which owns Condé Nast, as well as owner OpenAI CEO Sam Altman, mutual fund powerhouse Fidelity, and Chinese social media company Tencent.</p><p>Even if shares of Reddit surge in their first day of trading, the jury is still out as to whether or not the stock will be a long-term success story and if Reddit can help prop open the IPO window. Investors may be more discerning than they were when the IPO market unfroze in 2021 after a Covid-induced lull. Reddit itself was valued at $10 billion based on its last round of financing three years ago.</p><p>&#34;The market will judge companies with a far more rigorous set of metrics than 2021,&#34; said Joe Endoso, CEO of Linqto, a firm that offers investors shares in private companies before they go public. &#34;That will narrow the eligible list of candidates. Growth is not enough.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2421707827","content_text":"Reddit, the popular news aggregation social media site, priced its initial public offering at $34 a share late Wednesday, at the high end of its expected range of between $31 and $34 a share.At that price, Reddit would be valued at $6.4 billion, according to the report. Reddit is raising $519.4 million from the sale of nearly 15.3 million shares. Other Reddit investors are selling an additional 6.7 million shares through the IPO.Shares are set to begin trading Thursday on the New York Stock Exchange under the ticker RDDT.Investors hope Reddit's IPO could spark a rebound for new stock offerings after down years in 2022 and 2023. Following a record-setting year in 2021 when nearly 400 companies went public in the U.S. and raised $142.4 billion, issuance slowed to 179 companies generating a combined $27.1 billion in the past two years, according to Renaissance Capital.Reddit's IPO comes one day after another unicorn, artificial intelligence infrastructure provider Astera Labs, debuted with a 72% gain in its shares.There are worries about Reddit that investors need to consider, most notably that the company is still losing money and that revenue growth slowed in 2023. Reddit also generates nearly all of its sales from advertising, which is a notoriously fickle and cyclical market. Regulatory concerns about data licensing for artificial intelligence could also be an issue.Reddit is a well-known brand with a zealous base of users and meme stock investors, some of whom will be getting access to shares before they start trading. The company also has some impressive investors backing it, including top shareholder Advance Magazine Publishers, which owns Condé Nast, as well as owner OpenAI CEO Sam Altman, mutual fund powerhouse Fidelity, and Chinese social media company Tencent.Even if shares of Reddit surge in their first day of trading, the jury is still out as to whether or not the stock will be a long-term success story and if Reddit can help prop open the IPO window. Investors may be more discerning than they were when the IPO market unfroze in 2021 after a Covid-induced lull. Reddit itself was valued at $10 billion based on its last round of financing three years ago.\"The market will judge companies with a far more rigorous set of metrics than 2021,\" said Joe Endoso, CEO of Linqto, a firm that offers investors shares in private companies before they go public. \"That will narrow the eligible list of candidates. Growth is not enough.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":286665244676192,"gmtCreate":1711008976210,"gmtModify":1711008979976,"author":{"id":"4155704333200712","authorId":"4155704333200712","name":"k1w1ana","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4155704333200712","idStr":"4155704333200712"},"themes":[],"htmlText":"Would like to share.","listText":"Would like to share.","text":"Would like to share.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286665244676192","isVote":1,"tweetType":1,"viewCount":151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":285568698446048,"gmtCreate":1710725083797,"gmtModify":1710725088363,"author":{"id":"3569809505691000","authorId":"3569809505691000","name":"breAkdaWn","avatar":"https://community-static.tradeup.com/news/4c3676c14de9bfcd6f45bcf7ba4ddb6c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569809505691000","idStr":"3569809505691000"},"themes":[],"htmlText":"Probably worth 3 dollars ultimately?","listText":"Probably worth 3 dollars ultimately?","text":"Probably worth 3 dollars ultimately?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/285568698446048","repostId":"2420453660","repostType":2,"repost":{"id":"2420453660","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1710719206,"share":"https://ttm.financial/m/news/2420453660?lang=&edition=fundamental","pubTime":"2024-03-18 07:46","market":"us","language":"en","title":"Reddit's IPO as Much as Five Times Oversubscribed, Sources Say","url":"https://stock-news.laohu8.com/highlight/detail?id=2420453660","media":"Reuters","summary":"NEW YORK, March 17 (Reuters) - Reddit's initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the socia","content":"<html><head></head><body><p>NEW YORK, March 17 (Reuters) - Reddit&#39;s initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks.</p><p>While the oversubscription does not guarantee a strong performance in the stock market debut, it means the company is poised to at least reach its targeted price range of $31 to $34 per share when it prices the IPO in New York on Wednesday, the sources said.</p><p>The sources said the marketing of the IPO was continuing and asked not to be identified because the details are confidential. A Reddit spokesperson declined to comment.</p><p>Reddit has already curbed its valuation expectations after it was valued in a $10 billion private fundraising round in 2021. The company&#39;s IPO is currently seeking to raise as much as $748 million.</p><p>Despite the loyalty of many of its users, Reddit has lost money every year since its launch in 2005 and has lagged the commercial success of contemporaries such as <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>&#39; Facebook and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>, now known as X.</p><p>The focus of many Reddit users on niche subjects and the platform&#39;s somewhat loose approach to content moderation has been a sticking point with some advertisers. Reddit relies on volunteers from its user base to moderate the content posted on its forums.</p><p>Moderators can decide to withdraw from their duty at any time, as in 2023, when several quit in protest over Reddit&#39;s decision to charge third-party app developers for access to its data.</p><p>Reddit&#39;s 100,000 online forums, dubbed &#34;subreddits,&#34; allow conversations on topics ranging from &#34;the sublime to the ridiculous, the trivial to the existential, the comic to the serious,&#34; according to co-founder and chief executive Steve Huffman.</p><p>The company&#39;s influential communities are best known for the &#34;meme-stock&#34; saga of 2021 when several retail investors collaborated on Reddit&#39;s &#34;wallstreetbets&#34; forum to buy shares of highly shorted companies such as video game retailer GameStop.</p><p>To tap retail investors, Reddit has reserved 8% of the total shares on offer for eligible users and moderators on its platform, certain board members and friends and family members of its employees and directors.</p><p>Reddit had an average of 73.1 million daily active &#34;uniques&#34; - users who use its platform at least once a day - in the three months ended Dec. 31, 2023, according to a regulatory filing.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit's IPO as Much as Five Times Oversubscribed, Sources Say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit's IPO as Much as Five Times Oversubscribed, Sources Say\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-03-18 07:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>NEW YORK, March 17 (Reuters) - Reddit&#39;s initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks.</p><p>While the oversubscription does not guarantee a strong performance in the stock market debut, it means the company is poised to at least reach its targeted price range of $31 to $34 per share when it prices the IPO in New York on Wednesday, the sources said.</p><p>The sources said the marketing of the IPO was continuing and asked not to be identified because the details are confidential. A Reddit spokesperson declined to comment.</p><p>Reddit has already curbed its valuation expectations after it was valued in a $10 billion private fundraising round in 2021. The company&#39;s IPO is currently seeking to raise as much as $748 million.</p><p>Despite the loyalty of many of its users, Reddit has lost money every year since its launch in 2005 and has lagged the commercial success of contemporaries such as <a href=\"https://laohu8.com/S/META\">Meta Platforms</a>&#39; Facebook and <a href=\"https://laohu8.com/S/TWTR\">Twitter</a>, now known as X.</p><p>The focus of many Reddit users on niche subjects and the platform&#39;s somewhat loose approach to content moderation has been a sticking point with some advertisers. Reddit relies on volunteers from its user base to moderate the content posted on its forums.</p><p>Moderators can decide to withdraw from their duty at any time, as in 2023, when several quit in protest over Reddit&#39;s decision to charge third-party app developers for access to its data.</p><p>Reddit&#39;s 100,000 online forums, dubbed &#34;subreddits,&#34; allow conversations on topics ranging from &#34;the sublime to the ridiculous, the trivial to the existential, the comic to the serious,&#34; according to co-founder and chief executive Steve Huffman.</p><p>The company&#39;s influential communities are best known for the &#34;meme-stock&#34; saga of 2021 when several retail investors collaborated on Reddit&#39;s &#34;wallstreetbets&#34; forum to buy shares of highly shorted companies such as video game retailer GameStop.</p><p>To tap retail investors, Reddit has reserved 8% of the total shares on offer for eligible users and moderators on its platform, certain board members and friends and family members of its employees and directors.</p><p>Reddit had an average of 73.1 million daily active &#34;uniques&#34; - users who use its platform at least once a day - in the three months ended Dec. 31, 2023, according to a regulatory filing.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RDDT":"Reddit"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2420453660","content_text":"NEW YORK, March 17 (Reuters) - Reddit's initial public offering is currently between four and five times oversubscribed, people familiar with the matter said on Sunday, making it more likely the social media platform will attain the $6.5 billion valuation it seeks.While the oversubscription does not guarantee a strong performance in the stock market debut, it means the company is poised to at least reach its targeted price range of $31 to $34 per share when it prices the IPO in New York on Wednesday, the sources said.The sources said the marketing of the IPO was continuing and asked not to be identified because the details are confidential. A Reddit spokesperson declined to comment.Reddit has already curbed its valuation expectations after it was valued in a $10 billion private fundraising round in 2021. The company's IPO is currently seeking to raise as much as $748 million.Despite the loyalty of many of its users, Reddit has lost money every year since its launch in 2005 and has lagged the commercial success of contemporaries such as Meta Platforms' Facebook and Twitter, now known as X.The focus of many Reddit users on niche subjects and the platform's somewhat loose approach to content moderation has been a sticking point with some advertisers. Reddit relies on volunteers from its user base to moderate the content posted on its forums.Moderators can decide to withdraw from their duty at any time, as in 2023, when several quit in protest over Reddit's decision to charge third-party app developers for access to its data.Reddit's 100,000 online forums, dubbed \"subreddits,\" allow conversations on topics ranging from \"the sublime to the ridiculous, the trivial to the existential, the comic to the serious,\" according to co-founder and chief executive Steve Huffman.The company's influential communities are best known for the \"meme-stock\" saga of 2021 when several retail investors collaborated on Reddit's \"wallstreetbets\" forum to buy shares of highly shorted companies such as video game retailer GameStop.To tap retail investors, Reddit has reserved 8% of the total shares on offer for eligible users and moderators on its platform, certain board members and friends and family members of its employees and directors.Reddit had an average of 73.1 million daily active \"uniques\" - users who use its platform at least once a day - in the three months ended Dec. 31, 2023, according to a regulatory filing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}