Reddit to raise ~$748M in IPO, but may become a ‘meme’ stock as Redditors can sell shares immediately

This post is by Sarah Perez from TechCrunch

Reddit’s IPO should be interesting to watch — and not just because the business remains unprofitable, but also because of how the company has chosen to bring in its community of active users and moderators into its public markets debut. In a new SEC filing, Reddit says it’s planning to sell around 22 million shares, priced […] © 2024 TechCrunch. All rights reserved. For personal use only.