{"id":13663,"date":"2024-03-11T17:37:15","date_gmt":"2024-03-11T16:37:15","guid":{"rendered":"https:\/\/costops.com\/index.php\/2024\/03\/11\/reddit-aiming-for-6-5bn-valuation-from-new-york-flotation\/"},"modified":"2024-03-11T17:37:15","modified_gmt":"2024-03-11T16:37:15","slug":"reddit-aiming-for-6-5bn-valuation-from-new-york-flotation","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/03\/11\/reddit-aiming-for-6-5bn-valuation-from-new-york-flotation\/","title":{"rendered":"Reddit aiming for $6.5bn valuation from New York flotation"},"content":{"rendered":"<p>Company plans to raise up to $748m from sale of 22m shares, some of which have been set aside for users<\/p>\n<ul>\n<li><a href=\"https:\/\/www.theguardian.com\/business\/live\/2024\/mar\/11\/bitcoin-btc-record-70000-halving-etf-elliott-currys-heathrow-bitcoin-business-live\">Business live \u2013 latest updates<\/a><\/li>\n<\/ul>\n<p>The social media network Reddit has revealed that it is seeking a valuation of about $6.5bn (\u00a35bn) at its imminent <a href=\"https:\/\/www.theguardian.com\/technology\/2024\/feb\/22\/reddit-ipo-stock-market\">flotation on the New York Stock Exchange<\/a>.<\/p>\n<p>The company <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1713445\/000162828024010137\/reddit-sx1a1.htm\">said in a corporate filing<\/a> with the US Securities and Exchange Commission on Monday that it planned to raise up to $748m by selling 22m shares valued at between $31 and $34 each in the largest initial public offering of a social media network in four years.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2024\/mar\/11\/reddit-flotation-new-york-ipo-valuation-aim\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/572ad34366882a11fcfeac34ef3d97dfeca0f186\/0_254_4194_2516\/master\/4194.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=9b01138a77fcb42455a6c5b02d032c1c\" title=\"Reddit aiming for $6.5bn valuation from New York flotation\" \/>Company plans to raise up to $748m from sale of 22m shares, some of which have been set aside for users<br \/>\nBusiness live \u2013 latest updates<br \/>\nThe social media network Reddit has revealed that it is seeking a valuation of about $6.5bn (\u00a35bn) at its imminent flotation on the New York Stock Exchange.<br \/>\nThe company said in a corporate filing with the US Securities and Exchange Commission on Monday that it planned to raise up to $748m by selling 22m shares valued at between $31 and $34 each in the largest initial public offering of a social media network in four years. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company plans to raise up to $748m from sale of 22m shares, some of which have been set aside for users Business live \u2013 latest updates The social media network Reddit has revealed that it is seeking a valuation of about $6.5bn (\u00a35bn) at its imminent flotation on the New York Stock Exchange. The company &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/03\/11\/reddit-aiming-for-6-5bn-valuation-from-new-york-flotation\/\"> <span class=\"screen-reader-text\">Reddit aiming for $6.5bn valuation from New York flotation<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":13664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13663"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=13663"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/13664"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=13663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=13663"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=13663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}