Reddit was founded in 2005 by Steve Huffman, Alexis Ohanian, and Aaron Swartz. According to Reuters in January 2024 Reddit is seeking an IPO. The Reuters report stated, “It would be the first IPO of a major social media company since Pinterest's (PINS.N), opens new tab debut in 2019.”

Reddit is a social media platform with a focus on news aggregation, web content ratings, and discussion. Per Forge data, Reddit raised $1.3 billion in funding over 10 rounds. Their latest funding was raised on Aug 12, 2021, from a Series F round. Key investors include Vy Capital, Tencent, Y Combinator, and Fidelity Management and Research Company.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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Is Reddit a publicly traded company?

Reddit became a public company following its IPO on 03/21/2024 and is now traded on the NYSE under the ticker RDDT.

To learn more about Reddit potential IPO

Will Reddit go IPO?

Reddit became a public company following its IPO on 03/21/2024 and is now traded on the NYSE under the ticker RDDT.

What is Reddit’s IPO price?

The IPO price of Reddit is not currently available.

When was Reddit founded?

Reddit was founded in 2005.

What is Reddit funding to date?

Reddit has raised $1.31B to date.

Reddit Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
08/30/2021 Series F-1 $178.46MM $xx.xx $10.02B Fidelity Investments
Price per Share
$xx.xx
Shares Outstanding
2,887,920
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fidelity Investments
08/30/2021 Series F $231.54MM $xx.xx $10.02B Fidelity Investments
Price per Share
$xx.xx
Shares Outstanding
3,746,985
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fidelity Investments
02/23/2021 Series E $367.95MM $xx.xx $5.63B Andreessen Horowitz, Sequoia Capital, Tencent, Vy Capital
Price per Share
$xx.xx
Shares Outstanding
8,662,900
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Sequoia Capital, Tencent, Vy Capital
02/11/2019 Series D $150MM $xx.xx $3.3B Tencent, Venturesouq
Price per Share
$xx.xx
Shares Outstanding
6,916,809
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Tencent, Venturesouq
02/11/2019 Series D-1 $150MM $xx.xx $3.3B Tencent, Venturesouq
Price per Share
$xx.xx
Shares Outstanding
6,916,809
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Tencent, Venturesouq
07/31/2017 Series C $158.9MM $xx.xx $1.8B Advance Publications, Alrai Capital, Andreessen Horowitz, Coatue Management, Fidelity Investments, Sequoia Capital
Price per Share
$xx.xx
Shares Outstanding
10,073,589
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Advance Publications, Alrai Capital, Andreessen Horowitz, Coatue Management, Fidelity Investments, Sequoia Capital
09/19/2014 Series B $50MM $xx.xx $500MM A.Capital Ventures, Alfred Lin, Andreessen Horowitz, Marc Andreessen
Price per Share
$xx.xx
Shares Outstanding
7,983,267
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
A.Capital Ventures, Alfred Lin, Andreessen Horowitz, Marc Andreessen
11/29/2012 Series A-1 $679,973.00 $xx.xx $400.65MM 500 Startups, Ellen Pao, Initialized Capital Management, Jawed Karim, Mark Hager
Price per Share
$xx.xx
Shares Outstanding
114,746
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Ellen Pao, Initialized Capital Management, Jawed Karim, Mark Hager
11/29/2012 Series A $20MM $xx.xx $399MM Foundation Capital, Mission Bay Capital, Zygote Ventures
Price per Share
$xx.xx
Shares Outstanding
7,500,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.8x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Foundation Capital, Mission Bay Capital, Zygote Ventures
Updated on: Dec 21, 2024

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