Reddit, founded by Diaspora Armenian Alexis Ohanian, raised about $520 million in its IPO last Wednesday.
The social media company that hosts millions of online forums and makes money primarily through advertising, had priced its IPO at $34 - the top of the previously anticipated range - indicating healthy demand for what was arguably the most anticipated IPO of 2024 so far.
Read more about Reddit and positive signs of the US IPO market here.
https://t.me/threenstartups
#reddit #exit #ipo #successstory
The social media company that hosts millions of online forums and makes money primarily through advertising, had priced its IPO at $34 - the top of the previously anticipated range - indicating healthy demand for what was arguably the most anticipated IPO of 2024 so far.
Read more about Reddit and positive signs of the US IPO market here.
https://t.me/threenstartups
#reddit #exit #ipo #successstory
Statista Daily Data
Infographic: U.S. IPO Market Continues Gradual Recovery in 2024
This chart shows the number of IPOs and total proceeds in the United States.
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