Social Media company Reddit debuts IPO
Nineteen years after its founding and two years after filing the paperwork to go public, social media site Reddit finally ventured into the U.S. stock market on March 21, 2024.
reddit.comConsumer & Lifestyle / SocialFounded: 2005Funding to Date: $1.31B
Reddit is a network of more than 100,000 communities where people can dive into anything through experiences built around their interests, hobbies and passions. Reddit users submit, vote, and comment on content, stories and discussions about the topics they care about the most. This company was founded by Aaron Swartz, Alexis Ohanian, and Steve Huffman in 2005 and is headquartered in San Francisco, CA.
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
|
Nineteen years after its founding and two years after filing the paperwork to go public, social media site Reddit finally ventured into the U.S. stock market on March 21, 2024.