Exclusive: Reddit's IPO as much as five times oversubscribed, sources say By Echo Wang March 17, 20246:43 PM UTCUpdated ago Reddit app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights , opens new tab NEW YORK, March 17 (Reuters) - Reddit's (RDDT.N) , opens new tab 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' (META.O) , opens new tab 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.
It's nice to see them back Van do you remember that drawn out fight they had with someone. / HEAR had good earn so did LOGI<--- TREND alert***** This should help OLED sales of TV sets & monitors and eventually our guys OLED. (I hope)
OH No Becky has done something top her lips. Her lower lip loOks like Daffy Duck her features look off now-- BECKY WHAT DID YOU DO!!!!!!
APPLE GETTING TALKED ABOUT BUT GOOG GETTING LOVE..... THIS SHOULD REVERSE. MOST PEOPLE THINK GOOG IS GETTING WINDFALL FOR DEPLOYING IN APPLE BUT KNOWING HOW APPLE WORKS... WOULDN'T APPLE BE THE ONE TO GET PAID FOR THE PRIVELEGE OF LETTING GOOGLE INTO THEIR ECOVERSE<---- MIND FUCK ALERT** WAL STREET HAS IT WRONG BUY APPLE!
CHECK-UP A-OK~~~~! THANK YOU DR LO. WHAT A GREAT SURGEON. THIS HARD THING I FEEL IS NOT THE MESH--> IT'S SCAR TISSUE AND IN A FEW MONTHS WILL BE LESS...<---- THAT'S HUGE. I HAVE MADE IT THROUGH MY FIRST HEALTH SCARE!!!!!!!! LETS CELEBRATE!
Some behind the scenes stuff-- Are you following FOUR saga? Well some of us got all excited when the rumors of multiple suitors got the stk jazzed. Then the CEO rejected all bids as too low....
DocuSign 'creeps higher on the activist watchlist,' says Dealreporter ยป 10:14 DOCU I would watch this. Stk sold off but it's a good name. We have to get past this COVID comparisons or whatever when nobody would sign anything in person but without that-- signing for anything in person is a huge pain in the ass and this is good idea. I always wondered why this co didn't broaden their offerings to more tech protect areas.. you know you buy something very high value like a car and then prove it's you. I just had to use Docusign in a very high tension moment up in Ct with my accountant. And it worked.