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...
01 Oct, 2024, 05.17 PM IST
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...
07 Aug, 2024, 09.13 AM IST
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...
22 Mar, 2024, 07.51 AM IST
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...
21 Mar, 2024, 11.43 PM IST
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 ...
21 Mar, 2024, 07.37 PM IST
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 ...
15 Mar, 2024, 08.57 AM IST
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...
11 Mar, 2024, 03.52 PM IST
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...
24 Feb, 2024, 03.54 PM IST
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...
23 Feb, 2024, 11.00 PM IST
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...
17 Feb, 2024, 09.10 AM IST
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...
18 Dec, 2023, 05.30 AM IST
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...
17 Dec, 2023, 12.51 PM IST
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.
01 Apr, 2022, 01.23 PM IST
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...
08 Jan, 2022, 10.49 AM IST
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...
08 Jan, 2022, 10.28 AM IST
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...
16 Dec, 2021, 10.23 AM IST
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...
07 Aug, 2021, 10.42 AM IST