Ethereum

Reddit

Million

Billion

Reddit IPO is one of the most awaited events for stock investors as it has been on hold for almost four years and is finally happening this Thursday. Adding to the hype, the IPO is said to be five times oversubscribed than the expectations. So what’s happening? 
This blog will cover all the details related to the upcoming <a href="https://coingape.com/reddit-ipo-when-will-reddit-go-public-and-what-to-expect/">Reddit IPO</a> and its valuation.&nbsp; 
<h2 id="b-reddit-ipo-users-oversubscribed-by-5x-b">Reddit IPO Users Oversubscribed By 5X</h2> 
The news agency Reuters report says that the Reddit IPO is four to five times oversubscribed, indicating the demand for the IPO in the stock market. This oversubscription clearly implies that the demand is higher than the supply.&nbsp;With this much attention and trust from users, it is predicted that Reddit will be able to achieve the set target price of the shares. The company has planned to offer 22 Million shares in the range of $31-$34 per share.&nbsp; 
Also Read: <a href="https://coingape.com/trending/ethereum-dencun-upgrade-everything-you-need-to-know/">Ethereum Dencun Upgrade: Everything You Need To Know</a> 
Hopefully, this won’t go down, similar to the valuation setback. Earlier in 2021, Reddit valuation plans were for the $10 Billion value, which seems to differ now. The company still needs to raise $748 Million to accomplish the new target of $6.5 Billion in valuation. 
Even with this much demand, Reddit IPO might or might not fulfill the set expectations as the company has the tag of continuous losses over the years. Even after being a social media platform, Reddit’s financial performance isn’t the best.&nbsp; 
<h3 id="b-what-s-making-reddit-ipo-such-in-demand-b">What’s Making Reddit IPO Such In Demand?</h3> 
<a href="https://coingape.com/reddit-ipo-when-will-reddit-go-public-and-what-to-expect/">Reddit IPO</a> will hit the stock market this Thursday after years of waiting. The company had hosted multiple venture capital funding rounds before continuing with this IPO. What makes it even more demanding is that it is the first social media platform’s <a href="https://coingape.com/glossary/ipo/">Initial Public Offering (IPO)</a> after Pinterest in 2019. 
Despite Reddit’s poor performance financially, it has never impacted the platform’s popularity. Reddit has more than 72 Million active users, which has jumped by 20 Million from its 2023 count. They host 100,000 subreddits or online forums to discuss and post about different topics, which is a very different format from any other social media platform. After 20 years in the market, Reddit has built this reputation among people, helping to fuel the fire of demand. 
Even with the IPO, the company has thought of its loyal users firsthand as some selected <a href="https://coingape.com/reddit-ipo-redditors-to-own-major-stake-in-social-media-giant-heres-how/">Reddit users</a> have been rewarded with this IPO, and 8% of the stocks are reserved for them to balance the network. 
Reading the room full of AI possibilities, Reddit has also taken steps toward that. It recently collaborated with Google to train its AI models, which is a suitable opportunity for Reddit. 
<h2 id="b-conclusion-b">Conclusion</h2> 
Reddit IPO is the most trending point of discussion for all social media users as they anticipate a good run in this case. The company initially aimed for $10 Billion in valuation, but recent data reveals the valuation to be around $6.5 Billion, and that too if Reddit got to raise $748 Million in funding. 
It might also create a little impact on the cryptocurrency market. It’s because, during the IPO filing with the SEC in February 2024, the data showed the<a href="https://coingape.com/reddits-ipo-documents-unveil-investment-in-bitcoin-ethereum/"> Bitcoin and Ethereum holding</a> for investment purposes. 
Read more about <a href="https://coingape.com/trending/bitcoin-fomo-people-are-buying-bitcoin-beyond-70-k-price/">Bitcoin FOMO $ Why People Are Buying Bitcoin Beyond $70 K Price</a> 
The post <a href="https://coingape.com/trending/reddit-ipo-targets-6-5-billion-in-valuation/">Reddit IPO Demand Surpasses The Company Expectations Before Launch</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Reddit IPO Demand Surpasses The Company Expectations Before Launch

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