other material
confidence high
sentiment neutral
materiality 0.50
Reddit corrects IPO gross proceeds to $631.6M in 8-K/A amendment
Reddit, Inc.
- Original 8-K reported $600.0M gross proceeds; corrected to $631,601,918.
- IPO of 25.3M shares at $34.00, including 18.6M shares sold by company and 6.7M by selling stockholders.
- Underwriters' option for 3.3M additional shares exercised in full.
- Company did not receive proceeds from selling stockholders' shares.