Reddit IPO Prices at Top of Range to Raise $748 Million [Los Angeles Times (CA)]
Amer Sports, Inc. (AS)
Company Research
Source: Los Angeles Times
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 addition to 2024's roster of newly and soon-to-be public companies. The biggest of those listings has been the $1.57 billion offering by Amer Sports Inc. in January. The listing follows the $713 million Astera Labs Inc. offering by one day. Astera, a semiconductor connectivity company focused on artificial intelligence, priced its shares above its mark
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AS
News
- Amer Sports, Inc. to Report First Quarter 2024 Financial Results on May 21, 2024 [Yahoo! Finance]Yahoo! Finance
- Amer Sports, Inc. to Report First Quarter 2024 Financial Results on May 21, 2024Business Wire
- Viking Shares Climb 9% Following $1.5 Billion Public Debut [Forbes]Forbes
- Viking IPO Crowns April Best Month for US Debuts Since September [BNN Bloomberg (Canada)]BNN Bloomberg
- Cruise Line Viking's Shares Rise 12% After $1.5 Billion US IPO [Financial Post (Toronto, Ontario, Canada)]Financial Post
AS
Earnings
- 3/5/24 - Miss
AS
Sec Filings
- 4/12/24 - Form 6-K
- 4/11/24 - Form 6-K
- 3/18/24 - Form 20-F
- AS's page on the SEC website