IPOs

A big concern ahead of the public listing was that Reddit, the platform that gave birth to the memestocks of 2021, could also suffer the wild price swings caused by large numbers of investors coordinating their strategy over social media, including Reddit itself, on forums such as r/wallstreetbets.Reddit’s IPO is a test of investor appetite for tech IPOs, which have been a rarity in recent years. Low interest rates had made raising and borrowing cash on private markets easy, and economic effects from the war in Ukraine…

The amount of time Reddit reports that users spend with its service hasn’t significantly budged either. In September 2021, the company said that US users on average engaged for 28 minutes a day. It ticked up to 30 minutes that December. In December of 2023, the company specified a figure only for “logged-in” US users, though it clocked in at a similar 25 minutes to 30 minutes per day.Other data suggests that the stock of content on Reddit for users to peruse has been roughly constant recently, despite users’ continued…

With Indian startups facing the brunt of a long funding winter, a listing on the SME board can be a potential route for new-age technology companies to raise funds, early-stage investor Blume Ventures said in a report.In its latest Indus Valley report 2024, the venture capital firm said startups which are not witnessing a lot of interest from growth investors, or hitting a growth ceiling and “feel better to build profitably than burn for growth”, should be exploring initial public offerings and their listing on the SME…

March 2024 IPO watchlist: The top initial public offerings investors can’t afford to miss The initial public offering (IPO) market is expected to witness a surge of activity in March 2024, as several prominent startups and companies are gearing up to go public and raise funds from investors. Here are some of the top IPOs to watch in March 2024, based on their expected size, valuation, and growth potential. Reddit: Reddit, the popular online platform for social news, discussion, and content creation, is…

Reddit didn’t immediately respond to a request for comment for this story.Unwanted OfferReddit’s investment offer to users is known as the Directed Share Program. “Because you have helped make Reddit what it is today, you now have the opportunity to become Reddit owners at the same price as institutional investors,” the company wrote to the first batch of invitees, both in emails and direct messages through Reddit.The program allows users to buy shares the day before shares in the company begin trading, at a price to be…

Reddit cofounders Steve Huffman and Alexis Ohanian spent about eight straight years living together, initially as college room mates, playing World of Warcraft late into the night and later working together on the foundations of the discussion forums service now frequented by nearly 270 million people. But that history was missing from Reddit’s sales pitch to investors published Thursday announcing its plans to go public on the New York Stock Exchange: Reddit’s filing with the US Securities and Exchange Commission didn’t…

Navigating the IPO market in 2024: A guide to participation and tracking As the IPO (Initial Public Offering) market continues to evolve, investors are increasingly drawn to the potential opportunities presented by newly listed companies. IPO in 2024, with the proliferation of digital platforms and advanced technologies, participating in and tracking IPOs has become more accessible than ever before. Participating in IPOs: Brokerage Accounts: Opening a brokerage account is the primary step for investors…

Top IPOs of 2024: A glimpse into ventures reshaping industries and captivating investors In the dynamic realm of financial markets, Initial Public Offerings (IPOs) often serve as significant milestones, heralding the entry of promising companies into the public sphere. As we navigate through 2024, investors and enthusiasts alike eagerly await the arrival of several high-profile IPOs, each poised to reshape industries and…

(Reuters) — Social media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listing it has been eyeing for more than three years, according to people familiar with the matter.It would be the first IPO of a major social media company since Pinterest’s debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from the likes of TikTok and Facebook.The offering would also test the willingness of some Reddit users to…

It’s been a rough few years for startups looking to exit, but companies, especially late-stage startups, can’t stay private forever. When the exit market didn’t open back up in 2023, as many hoped after a very quiet 2022, investors and founders alike decided that 2024 was the year that the exit market would defrost. Now that 2024 is here, do they still think that? TechCrunch+ recently surveyed more than 40 investors to get their predictions on a variety of topics heading into 2024, including…