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Reddit plans to set aside shares for loyal users in next month's IPO

Reddit plans to set aside shares for loyal users in next month's IPO

2024/02/21 12:33

Social media company Reddit plans to give some of its IPO shares to its 75,000 most active users on a pilot basis when it goes public next month, in a different take on the stock market. According to people familiar with the matter, the company plans to reserve a certain number of shares for these so-called "redditors," the exact number of which has not yet been determined.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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