Reddit IPO: How to buy this discussion forum's stock?

3 min read | December 16, 2021 03:40 AM EST | By Raza Naqvi

Reddit IPO: How to buy this discussion forum's stock? — Image source: © Demidovichphotostock/Megapixl.com

Reddit IPO: Key details

According to reports, the social media platform has confidentially filed for an initial public offering (IPO). Reddit has submitted its public debut proposal with the US Securities and Exchange Commission.

The company is reportedly looking to get a valuation of over US$ 15 billion and in a private funding round held in 2020, Reddit was reportedly valued at US$ 10 billion.

Can you buy Reddit stock?

As it is quite popular among the millennials, Reddit has more than 50 million daily active unique visitors and more than 100,000 active communities.

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In addition, the online discussion forum claims to have more than 50 billion monthly views.

As a retail investor, you cannot buy the Reddit stock. You will be able to buy the stock of this social media company only if starts trading publicly.

Reddit IPO: How to buy this discussion forum's stock ?

Bottom line

The total number of shares to be offered and the price range of the stock has not been disclosed, and it will likely be revealed in the next few weeks when Reddit files the Form S-1 with the regulatory authorities.

If and when the IPO happens, Reddit is expected to get massive interest of the investors as it is very popular among retail investors, and they might want to get hold of the social media company's stock.

Reddit's big investors include Sequoia Capital, Fidelity Investments, Tencent Holdings, and Andreesen Horowitz.

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