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Stock impact report

Reddit, Investors Seek Up to $748 Million in Planned IPO [Yahoo! Finance]

Amer Sports, Inc. (AS) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg These Are the Best Countries for Wealthy Expats Slow US Inflation Retreat Is Set to Bolster Fed Patience on Rate Cuts Is Now the Right Time to Invest in Bitcoin? Billions Pour Into Nigeria as Tinubu's Reforms Start to Pay Off The social media platform and some of its current shareholders plan a sale of 22 million shares for $31 to $34 each, said the people, who asked not to be identified because the information wasn't public yet. The company was seeking a valuation of as much as $6.5 billion in the listing, Bloomberg News has reported. The people said the company is setting aside about 1.76 million shares in the IPO to be bought by users and moderators who created accounts before Jan. 1. Those shares won't be subject to a lockup period, meaning the owners can sell them on the opening day of trading, according to Reddit's filing in February with the US Securities and Exchange Commission. A representative for Reddit declined to comment. Reddit's Show less Read more
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