A Reddit megjelenik az IPO-n; A részvények 70%-át szárnyalják a NYSE debütáló Tech Startups-ban

A Reddit megjelenik az IPO-n; A részvények 70%-át szárnyalják a NYSE-ben debütáló Tech Startups-ban

Időbélyeg: 21. március 2024. 5:02
Forrás csomópont: 2524735

Reddit made a market debut on the New York Stock Exchange Thursday sending its shares soaring by a whopping 70%, marking an impressive entry into the public market. By the closing bell, Reddit’s shares ended up 48%, signaling a potential resurgence in investor interest in IPOs of promising yet unprofitable companies.

Annak ellenére, hogy 2005-ös megalakulása óta éves veszteségei vannak, a Redditnek sikerült magával ragadnia a befektetőket azáltal, hogy platformját a mesterséges intelligencia fejlesztésének játszótereként pozicionálta, köszönhetően egy jövedelmező 60 millió dolláros mesterséges intelligencia tartalomlicencelési megállapodás a Google-lal.

Priced at $34 a share, the 19-year-old social media platform, known for its financial struggles, defied expectations by opening trading at $47 per share, a staggering 38% above its IPO price. The momentum only accelerated from there, propelling shares to touch the $57 mark.

This surge marks a significant milestone for Reddit, which became the first major social media company to go public since Pinterest’s IPO back in 2019. With its promising performance on its debut, Reddit is poised to capture the attention of both Wall Street and Main Street investors alike.

In a post on X (formerly Twitter), Reddit co-founder Alexis Ohanian said:

“We did it, mom.” 

Although Reddit primarily depends on advertising for the bulk of its revenue stream, the company has been highlighting artificial intelligence (AI) as a key growth avenue during its IPO marketing roadshow. However, Reddit’s recent disclosure revealed that the U.S. Federal Trade Commission (FTC) is investigating its AI data licensing agreements.

Jen Wong, Reddit’s Chief Operations Officer, emphasized the company’s growth-oriented approach, stating, “At the core, we are a growth company. Achieving our mission means that we want to grow users and community.” This assertion underscores Reddit’s commitment to expanding its user base and fostering community engagement as it navigates the complexities of its AI initiatives amid regulatory scrutiny.

On Wednesday, Bloomberg jelentett that a substantial 22 million shares were offloaded by shareholders at $34 each, pegging Reddit’s fully diluted valuation at a formidable $6.4 billion. However, this figure marks a significant drop from its lofty $10 billion valuation attained during a 2021 funding round.

A unique aspect of Reddit’s offering is its allocation of approximately 8% of total shares to qualified users, moderators, board members, and associates, a move aimed at fostering a sense of community ownership within its ecosystem.

Leading the charge in this landmark event are financial heavyweights including Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co., and Bank of America Corp., steering Reddit’s shares under the ticker symbol “RDDT.”

A nyilvános tőzsdére vezető út hosszú és kanyargós volt a Reddit számára, több mint két évet ölelt fel a bizalmas tőzsdei bevezetése óta, 2021 decemberében. A Fed lépései miatti gazdasági ellenszél késésekhez vezetett, de most már készen áll a Reddit pillanata. a reflektorfényben.

Meanwhile, Reddit’s IPO outshines notable offerings from tech luminaries like Instacart and Klaviyo Inc. in 2023, signaling a resurgence in IPO activity. With $8.7 billion already raised through IPOs on US exchanges this year, representing a 150% surge from the same period last year, Reddit’s splashy market debut is poised to make waves in the tech investment landscape.

2005-ben alapította Alexis Ohanian. Reddit társadalmi hírösszesítő erőművé alakult át, amely milliárdos havi forgalmat vonz. Az IPO-ra való felkészülés során a Reddit útja jól példázza a tech startupok rugalmasságát és dinamizmusát a digitális innováció folyamatosan fejlődő világában.

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