Dec 17, 2021 11:00:00

Huge online bulletin board 'Reddit' starts initial public offering procedure

Reddit , known as an online bulletin board site, has announced that it has submitted documents to the US Securities and Exchange Commission for an initial public offering (IPO).

Reddit Announces Confidential Submission of Draft Registration Statement Related to Proposed Public Offering --Upvoted
https://www.redditinc.com/blog/reddit-announces-confidential-submission-of-draft-registration-statement-related-to-proposed-public-offering

Reddit files to take the company public --The Verge

https://www.theverge.com/2021/12/15/22838901/reddit-going-public-sec-s-1-filing-confidential

Reddit was founded in 2005. As of January 2021, it is a huge bulletin board site with more than 50 million daily active users, more than 100,000 active communities, and more than 50 billion monthly PVs.

According to a news release, Reddit secretly submitted a draft registration statement (Form S-1) to the US Securities and Exchange Commission on December 15, 2021 local time for a new public offering plan for common stock. That thing.

The number of shares offered for initial public offering and the offered price range are undecided, and will be implemented after examination by the Securities and Exchange Commission and taking into consideration the market and other conditions.

As of the second quarter of 2021, Reddit's advertising revenue has reached 100 million dollars (about 11 billion yen), which is about three times the previous year, and the valuation is more than 10 billion dollars (about 1.1 trillion yen). Is believed to be.

Reddit's corporate value finally exceeds 1 trillion yen, and plans to raise funds and list 70 billion yen --GIGAZINE