Redditors bank millions of dollars as a group on stock's opening day [CNBC]
Doximity, Inc. Class A (DOCS)
Company Research
Source: CNBC
While Redditors interviewed by CNBC ahead of the offering said they were skipping out on the IPO due to concerns about the business and the company's relationship with moderators, CFO Drew Vollero told Axios that tens of thousands of users ended up purchasing shares. The stock jumped 48% in its debut on Thursday, closing at $50.44, up from the $34 offer price Certain Redditors, along with company insiders and their friends and family members, were able to join the IPO through the company's directed-shared program , or DSP. It's a model that was used by companies like Airbnb Rivian and Doximity to reward their loyal users and customers. Of the 22 million shares that Reddit and existing stakeholders sold in the offering, some 1.76 million were made available through the DSP, equal to 8% of the deal. The shares were offered based on a user's reputation, measured through what the company calls karma. Because Reddit's DSP doesn't have a lock-up period, participants could immediate
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DOCS
News
- DOCS Class Action Alert: Robbins LLP Reminds Doximity, Inc. Shareholders of the Lead Plaintiff Deadline in the Class Action LawsuitGlobeNewswire
- DEADLINE ACTION NOTICE: The Schall Law Firm Encourages Investors in Doximity, Inc. with Losses to Contact the FirmAccesswire
- Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of Doximity, Inc. (DOCS) InvestorsBusiness Wire
- DEADLINE ALERT for DOCS, PERI, and SHCR: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of ShareholdersGlobeNewswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Doximity, Inc. – DOCSAccesswire
DOCS
Earnings
- 2/8/24 - Beat
DOCS
Sec Filings
- 4/2/24 - Form 4
- 4/1/24 - Form 144
- 3/4/24 - Form 4
- DOCS's page on the SEC website