Reddit aims to raise $500 mn in stock market debut france24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from france24.com Daily Mail and Mail on Sunday newspapers.
The reclusive family set for a $2.1 billion Reddit windfall watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.
The American billionaires behind the Condé Nast media empire will reap a $1.4bn (£1.1bn) windfall from Reddit’s Wall Street listing, 18 years after paying just $10m for the social media company.
Reddit plans to raise some $500 million with its initial public offering of shares , using the money to improve the platform and its money-making power, according to a regulatory filing on Monday.A date for the initial public offering of shares has yet to be set.