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Oversubscribed

All articles tagged with #oversubscribed

businessfinance1 year ago

"Reddit's IPO Oversubscribed Up to Five Times, Sources Reveal"

Reddit's upcoming IPO is reportedly four to five times oversubscribed, increasing the likelihood of reaching its targeted $6.5 billion valuation. Despite its loyal user base, the platform has struggled to turn a profit and faces challenges with content moderation and commercial success compared to its peers. The company's IPO aims to raise up to $748 million and has reserved 8% of shares for eligible users and moderators, as well as friends and family of employees and directors.

via Yahoo Finance|
#businessfinance#ipo#oversubscribed
businessfinance1 year ago

"Reddit's Highly Anticipated IPO Oversubscribed Five Times: What Users Need to Know"

Reddit's IPO is reportedly between four and five times oversubscribed as it aims for a $6.5 billion valuation, indicating potential to reach its targeted price range of $31 to $34 per share. The social media network, known for its forums, has faced challenges in matching the commercial success of its rivals and has seen some moderators quit in protest. Reddit's IPO is seeking to raise as much as $748 million and has reserved 8% of shares for eligible users and moderators to attract retail investors.

via Fox Business|
#businessfinance#ipo#oversubscribed
business1 year ago

"Reddit's Highly Anticipated IPO Oversubscribed as Users Express Concerns"

Reddit's initial public offering is reportedly four to five times oversubscribed, increasing the likelihood of achieving its targeted $6.5 billion valuation. Despite consistent financial losses, the platform's IPO aims to raise up to $748 million. Reddit's unique user base and influential communities, including the "meme-stock" saga, have attracted retail investors, with 8% of shares reserved for eligible users and moderators. The company's IPO is set to be priced in New York on Wednesday.

via Reuters|
#business#ipo#oversubscribed