Initial Public Offering
General info on Discord

About the company

Name

Discord

Industry

Social Media/Advertising

Employees

2,013

Founding year

2005

Ticker

RDDT

Filing Information

IPO file date

Feb. 22nd, 2024

No. of shares

1.3 million shares

Price

Est. at $31-$34

Exchange

NYSE

Bookrunners

Morgan Stanley, Goldman Sachs, J.P. Morgan

Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. This is not investment advice. Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the Lead Traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.
IPO Details
About Reddit
Reddit, a globally popular American-based social forum, news,and discussion website, is making waves with its IPO. Ranked 18th globally in website traffic, it’s poised to follow in the foot steps of social media giant META

The attention-grabbing platform gained investor interest when traders on subreddit r/WallStreetBets triggered the historic rise of meme stocks like GameStop and AMC in early 2021.


Reddit IPO Figures & Valuation
Reddit’s main revenue source is from advertising, with 98% coming from ads in 2022 and 2023.

Reddit’s funding rounds are proving strong for the company, with several rounds boosting its value exponentially. The company has raised $1.3 billion in funding over nine rounds. The latest funding was raised on August 12, 2021, from a Series F round of $410 million.

2022 Revenue – 668 million

2023 Revenue – 804 million up 21% YOY


Loyal Reddit Moderators Get First Chance
In a unique move, Reddit is offering its top users the opportunity to participate in the IPO early through a \"directed share program\" outlined in the filing. Users will be categorized into six tiers based on their karma score or moderator activities.

Top-tier users will have the opportunity to buy into the IPO before its public debut as a token of appreciation for their loyalty and engagement. This demonstrates Reddit’s dedication to its users as much as their commitment to the platform’s growth.
Google Partners with Reddit to Enhance AI Capabilities
In a recent development, Google and Reddit have struck a deal allowing the search giant to utilize Reddit’s data for training its AI model on user posts and interactions. This $60 million agreement is a significant move in the realm of AI, benefiting both parties as Reddit gains access to advanced AI models to enhance its internal search and other functionalities.


Driver Behind Open AI, Sam Altman has Significant Stake in Reddit
As Reddit nears its IPO, OpenAI’s Chief Sam Altman is spotlighted as a crucial investor. Altman’s strategic foresight to invest in Reddit since 2014 could yield a significant financial return. Holding an impactful 9.2% of voting power, Altman’s investments, totaling at least $60 million, underscore his pivotal role and potential for considerable gains with Reddit’s public offering, solidifying his influence within the platform.


Overview on Reddit
  • Reddit has an average of 73.1 million daily active users.
  • As of October 2023, Reddit is the 18th most-visited website in the world.
  • Investors are eager as this is the first social media IPO in years, following Pinterest’s debut in 2019.
  • Although sales are flat, Reddit is embracing the AI era, capitalizing with licensing deals to use their data and improve AI models (Google as of latest).
  • Sam Altman really believes in Reddit since 2014 and is a major investor with over 9% voting rights.


Sources: Bloomberg, crunchbase.com, New York Times, CNBC, Reuters, Business Insider

Summary

Ticker

RDDT

Price

Est. at $31-$34

Exchange

NYSE

Bookrunners

Morgan Stanley, Goldman Sachs, J.P. Morgan

Key Points
Get a quick overview of the essential figures for the Discord IPO.

Users

73.1 Million

IPO file date

Feb. 22nd, 2024

Valuation

$5-10 billion

Trade Discord

Hottest IPOs to Watch

Be on the forefront of companies going public.
Available

Reddit

Social Media/Advertising
  • Status:
    Available
  • IPO Date:
    21/3/2024
  • IPO Price:

    Est. at $31-$34

需要帮忙?前往我们的帮助部分

Copyright © 2024 - 保留所有权利。

NAGA 是 NAGA Group AG 的商标,该公司是一家在法兰克福证券交易所公开上市的德国金融科技公司 | WKN:A161NR | ISIN:DE000A161NR7。

该网站由 The NAGA Group AG 所有,由 NAGA Capital Ltd 运营,NAGA Capital Ltd 由塞舌尔金融服务管理局 (FSA) 授权并受其监管,许可证号为 SD026。注册地址为 CT House, Office 9A, 2nd Floor, Providence, Mahe, Seychelles。
Tel: +2482574498

该集团还包括 NAGA Global (CY) Ltd,注册地址为 Nikokreontos 2, NICE DREAM, 6th Floor, Flat/Office 601, 1066, Nicosia, Cyprus。 NAGA Global (CY) Ltd 由 NAGA Group AG 全资拥有。

风险警告:衍生工具是复杂的工具,由于杠杆作用而迅速损失资金的风险很高。 您应该考虑是否了解衍生品的工作原理以及是否有能力承担损失资金的高风险。 这不是投资建议。 通过关注和/或复制或复制其他交易者的交易,即使在关注和/或复制或复制领先交易者时,与Naga Trader进行交易也涉及高风险。 这种风险包括您可能遵循/复制可能缺乏经验/非专业交易者的交易决策的风险,或者最终目的或意图或财务状况的交易者可能与您的交易者不同。 在做出投资决定之前,您应该依靠自己对做出交易决策的人的评估以及所有法律文件的条款。

受限国家/地区:NAGA Capital Ltd 不为某些国家的居民提供服务,例如阿富汗、阿尔巴尼亚、美属萨摩亚、安圭拉、澳大利亚、奥地利、巴巴多斯、白俄罗斯、比利时、百慕大、英属印度洋领地、保加利亚、布基纳法索、加拿大、开曼群岛、中非共和国、圣诞岛、科科斯(基林)群岛、刚果、民主共和国、克罗地亚、塞浦路斯、捷克共和国、丹麦、爱沙尼亚、福克兰群岛(马尔维纳斯)、芬兰、法国、德国、直布罗陀、希腊、关岛、海地、赫德岛和麦克唐纳群岛、匈牙利、冰岛、伊朗伊斯兰共和国、爱尔兰、马恩岛、以色列、意大利、牙买加、日本、泽西岛、韩国、民主人民共和国、拉脱维亚、阿拉伯利比亚民众国、列支敦士登、立陶宛、卢森堡、马里、马耳他、蒙特塞拉特、莫桑比克、缅甸、荷兰、新西兰、诺福克岛、挪威、巴勒斯坦领土、被占领、皮特凯恩、波兰、葡萄牙、罗马尼亚、俄罗斯联邦、圣赫勒拿、阿森松岛和特里斯坦达库尼亚、圣马力诺、塞内加尔、塞尔维亚、斯洛伐克、斯洛文尼亚、索马里、南部格鲁吉亚和南桑威奇群岛、南苏丹、西班牙、斯里兰卡、瑞典、瑞士、阿拉伯叙利亚共和国、特立尼达和多巴哥、突尼斯、特克斯和凯科斯群岛、乌干达、乌克兰、英国以及公民拥有英国证明的任何其他国家身份(即英属维尔京群岛、直布罗陀、马恩岛等)、美国、美属小群岛、瓦努阿图、维尔京群岛、英国、维尔京群岛、美国、也门和津巴布韦。