12/12/2023 0 Comments Hedge fund incubator reddit![]() Should You Refinance Now With the Low Mortgage Rates? and mobile-videogame maker Playtika Holding Corp.ĥ Things Most Americans Don’t Know About Social SecurityĢ1 Items That Are Always Cheaper at CostcoĮarn Up To $1,500 in Bonuses With This Checking Account The Wall Street Journal reports that Reddit’s market debut will come after a year for IPOs like no other, as more than 900 companies have gone public in 2021, raising nearly $300 billion in 2021, including electric vehicle maker Rivian Automotive Inc., dating app Bumble Inc. See: How To Rebound From a Bad Financial Year in 2022įind: Facebook and 9 More Top Stocks To Buy Before 2022 And, we are investing in our products and diversifying the Reddit experience to include new ways for communities to connect through video and audio, the company said in August.Īnd in December 2020, the company acquired the short-form video platform Dubsmash to bring “highly polished video creation tools to our platform and encourage under-represented creators to find a home on Reddit,” according to a company announcement. “This year Reddit marked its first $100 million advertising revenue quarter (Q2 2021), representing a 192 percent increase compared to the same period last year. and including other existing investors, at a post-money valuation of over $10 billion.” ![]() In August, the company said in a blog post it would raise “$700 million in Series F funding, led by Fidelity Management and Research Company LLC. In turn, the market volatility brought the attention-and-ire- of regulators. Reddit made headlines earlier this year, as retail traders on the subreddit group WallStreetBets, who were intent on taking down hedge-fund short-sellers by buying shares of stocks that didn’t seem to have much of a chance of success, sent stocks, including GameStop, AMC Entertainment and Bed Bath & Beyond, soaring (and then crashing). “At the same time, I could see it becoming a meme stock since it hosts WallStreetBets which is the ultimate meme incubator,” Cohan added. ![]() Peter Cohan, a senior lecturer at Babson College and author of “Goliath Strikes Back,” told GOBankingRates that since it is a confidential filing, it’s hard to know whether the company is growing fast or making money. “We are in a quiet period, and for regulatory reasons, we cannot say anything further.” The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions,” Reddit said in a blog post on its website. “The number of shares to be offered and the price range for the proposed offering have not yet been determined. Reddit - the social platform at the center of this year’s meme stock volatility saga - announced it had confidentially submitted paperwork to the Securities and Exchange Commission (SEC) for an Initial Public Offering (IPO).įind: Reddit Goes International – What Does It Mean for You?
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