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REDDIT IPO NEWS
Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...- Oracle cuts 20% of India staff; War jitters stall fintech IPOsHappy Thursday! Oracle’s global job cuts have impacted 10,000 employees in India. This and more in today’s ETtech Morning Dispatch.
- Beyond Meat stock rally fizzles out, erases 160% daily gain, now down 10% - what went wrong?Beyond Meat stocks: Beyond Meat shares saw a dramatic rally this week, fueled by meme stock hype and a Walmart deal. The stock surged signi...
- Cerebras, an AI chipmaker trying to take on Nvidia, files for an IPOCerebras, based in Sunnyvale, California, unveiled its investor prospectus on Monday, taking an important step toward listing its shares on...
- Reddit forecasts quarterly revenue above estimates on strong ad spendThe results, its second after going public in March, follow bigger rival Meta's upbeat second-quarter revenue and rosy sales forecast, driv...
- Reddit shares end trading up 48% in market debutWhile Reddit still relies on advertising for the vast majority of its revenue, it touted AI in its IPO marketing roadshow as an area of gro...
- Reddit shares open 38% above IPO priceThe San Francisco, California-based company priced its IPO at the top end of the $31 to $34 range. The IPO valued Reddit at $6.4 billion, w...
- Reddit set for hotly anticipated debut after pricing IPO at top of rangeSocial media platform Reddit geared up for its high-profile market debut on the New York Stock Exchange on Thursday, in a test of investor ...
- Reddit’s long, rocky road to an initial public offeringThis week, as Reddit began a roadshow to appeal to potential investors, the hurdles it faced were apparent. The company said it was aiming ...
- Reddit targets up to $6.4 billion valuation in much-awaited US IPOThe IPO, a major litmus test for investors' appetite for new listings, will come more than two years after the company began preparations t...
- OpenAI’s Sam Altman stands to rake in over $400 million from Reddit IPOAltman is the third-largest shareholder in Reddit owning an 8.7% stake comprising 789,456 Class A shares and 11.4 million supervoting Class...
- New feeding habits for AI: The Reddit-Google deal could show how content will be produced, owned and consumed on internetReddit signs a $60 million deal with Google to mine its content for training AI models. The deal raises questions about copyright laws, IPR...
- Reddit signs content licensing deal with AI company ahead of IPO: reportAccording to a Bloomberg report, Reddit, which is eyeing an initial public offering (IPO) launch, has told prospective investors that it si...
- Familiar names throw their hats in 2024 IPO market revival ringThough bankers remain broadly upbeat about 2024, even they admit that after months of headfakes failed to sustain activity, a true return t...
- Familiar names throw their hats in 2024 IPO market revival ringThough bankers remain broadly upbeat about 2024, even they admit that after months of headfakes failed to sustain activity, a true return t...
- Which companies are going public in 2022? Almost none so far"The US IPO market remains on life support," said Bill Smith, chief executive of Renaissance Capital.
- Reddit taps Morgan Stanley, Goldman Sachs for IPOReddit had confidentially filed for an IPO in December and is aiming for a valuation of over $15 billion at the time of its flotation. It w...
- Reddit taps Morgan Stanley, Goldman Sachs for IPOReddit had confidentially filed for an IPO in December and is aiming for a valuation of over $15 billion at the time of its flotation. It w...
- Reddit says it has filed with SEC to go publicReddit Inc said in a statement that it has "confidentially submitted a draft registration statement on Form S-1 with the Securities and Exc...
- Robinhood shares dive 27.6%; filing sparks worries early investors could sellRobinhood’s shares finished down 27.6% at $50.97 a day after they jumped more than 50%. The company went public on July 29 at $38, with its...
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