Altman is the third-largest shareholder in Reddit owning an 8.7% stake comprising 789,456 Class A shares and 11.4 million supervoting Class B shares. If Reddit hits the $5-billion valuation in the IPO, Altmans stake would be valued at about $435 million.
SAN FRANCISCO (KRON) — Reddit filed an initial public offering on Thursday, according to a document on the United States Securities and Exchange Commission website. The social news website, which is headquartered in San Francisco, has applied to have its Class A common stock listed on the New York Stock Exchange under the symbol, “RDDT,” […]
From the US SEC approving 11 spot bitcoin ETFs, military strikes in the Red Sea to Google layoffs and Tesla s price adjustments in China, here s a look at some of the developments from the world of business