Reddit completes IPO of 25.3M shares at $34.00, gross proceeds $600M

Reddit, Inc.

Company sold 18.6M shares; selling stockholders sold 6.7M shares (including full underwriter option).
Gross proceeds to Reddit: $600,021,822 before underwriting discounts and expenses.
IPO priced at $34.00 per share and closed on March 25, 2024.
Amended charter and bylaws became effective upon IPO closing.

item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Reddit, Inc.: Amended and restated bylaws became effective in connection with IPO (effective 2024-03-25).

Change: bylaw amendment
Effective: 2024-03-25

Exact text from the filing

On March 25, 2024, Reddit, Inc. (the “Company”) filed its amended and restated certificate of incorporation (the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware and its amended and restated bylaws (the “Bylaws”) became effective in connection with the closing of the initial public offering of shares of the Company’s Class A common stock

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Reddit, Inc.: Amended and restated certificate of incorporation filed in connection with IPO (effective 2024-03-25).

Change: charter amendment
Effective: 2024-03-25

Exact text from the filing

On March 25, 2024, Reddit, Inc. (the “Company”) filed its amended and restated certificate of incorporation (the “Certificate of Incorporation”) with the Secretary of State of the State of Delaware and its amended and restated bylaws (the “Bylaws”) became effective in connection with the closing of the initial public offering of shares of the Company’s Class A common stock

View on SEC.gov

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Reddit, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-012880

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