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Stock impact report

Reddit IPO Prices at Top of Range to Raise $748 Million [Yahoo! Finance]

Amer Sports, Inc. (AS) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Trump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New Team Sam Bankman-Fried Says 50-Year Sentence Only Suitable for a ‘Super Villain' What Happens If Trump Can't Post His $454 Million Bond Fed to Give Fresh Clues on Path of Interest-Rate Cuts Ultra-Wealthy Are Souring on Chicago's Most Elite Neighborhood The social media platform, along with its top executives and other employees, sold 22 million shares for $34 each, according to a statement confirming an earlier report by Bloomberg News. The shares were marketed in the IPO for $31 to $34. At the IPO price, Reddit has a market value of $5.4 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission. Including stock options and restricted share units, Reddit's fully diluted valuation is closer to $6.4 billion. That's down from $10 billion in a funding round in 2021, when Reddit first launched its IPO plans. Reddit is a high-profile add Show less Read more
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