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Wednesday 26 June 2024

Reddit (RDDT): Files for NYSE IPO

Community-focused message board site Reddit has filed to go public on the New York Stock Exchange and has proposed a ticker code of RDDT. It’s been years since there has been a social media company listed, Pinterest (NYSE:PINS) was the last big float in 2019. Reddit wants to IPO in March this year. Sam Altman, is its third-largest shareholder and also the OpenAI founder and CEO. While Reddit’s last results showed a net loss of almost $91 million the company has 267.5 million active weekly users – are you one?

#stocks #IPO #Reddit #RDDT #socialmedia #NYSE #wallstreet #PINS #AI #OpenAI #fintok #finance

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