The company said it completed its initial public offering of 25,300,000 Class A common stock shares at a public offering price of $34.00 per share on March 25, 2024.

1. 01

   The company said it completed its initial public offering of 25,300,000 Class A common stock shares at a public offering price of $34.00 per share on March 25, 2024.

2. 02

   Reddit said 18,576,527 of the offered shares were sold by the company and 6,723,473 by certain selling stockholders. The figures include the shares covered by the underwriters' option to buy an additional 3,300,000 shares from the company, which was exercised in full.

3. 03

   The company said gross proceeds from the offering were $600,021,822.10, before deducting underwriting discounts and commissions and estimated offering expenses payable by the company. It did not receive any proceeds from the shares sold by the selling stockholders.

4. 04

   The company said it filed its amended and restated certificate of incorporation with the Delaware Secretary of State on March 25, 2024, and that its amended and restated bylaws took effect upon the closing of the initial public offering. Both documents were previously approved by the board and stockholders.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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