The platform’s listing, expected in March, would be the largest IPO by a social media company since Pinterest went public in 2019
Reddit set the stage for its highly anticipated stock market debut, preparing investors for the largest initial public offering by a major social network in four years.
A filing with the Securities and Exchange Commission on Thursday disclosed the financial performance of the social media group, and revealed that Sam Altman, the OpenAI founder and CEO, is its third-largest shareholder, with an 8.7% stake.
About Author
More Stories
Porsche reports steep fall in orders from Europe and China
‘Fruit of the devil’: Hainan’s betel nut sellers suffer from stuttering economy
Couple who ran Swedish eco-resort say 158 barrels of human waste left behind was ‘very normal’