Reddit (IPO)
Funding Details
- Awarder
- Inbox
- Date Award
- May 30, 2025
- Vertical
- Social Media
- Funding URL
- View Funding Page
Company Info
- Traction
- Reddit closed its first day of trading at $50.31, up nearly 48% from its IPO price of $34 per share, with $804 million in revenue for 2023.
- Revenue Amount
- $804,000,000
- Company Description
- Reddit is a social forum giant that allows users to create and participate in communities based on shared interests. The platform generates revenue through advertising and data licensing, particularly focusing on AI-related applications.
- Market
- Online Community and Social Networking
- Location
- United States