r/RDDT

If you’ve been keeping tabs on us over the past few months, you may have read about our path to becoming a public company. And if you’re looking for more information about this next chapter for Reddit…you’ve come to the right community. Last week, we shared a post in explaining why we launched this community and how you can follow along right here to keep even more tabs on our investor and financial-related news and information.

Today, we’ve taken another step – see below for more information:

SAN FRANCISCO--()--Reddit, Inc. (“Reddit”) today announced the pricing of its initial public offering of an aggregate 22,000,000 shares of its Class A common stock, 15,276,527 of which are being sold by Reddit and 6,723,473 of which are being sold by certain selling stockholders, at a public offering price of $34 per share. Reddit will not receive any proceeds from any sale of shares by the selling stockholders. In addition, Reddit has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on March 21, 2024, under the ticker symbol “RDDT.” The offering is expected to close on March 25, 2024, subject to customary closing conditions.

Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, J.P. Morgan, and BofA Securities are acting as lead book-running managers for the offering. Citigroup, Deutsche Bank Securities, and MUFG are acting as joint book-running managers. Citizens JMP, Needham & Company, Piper Sandler, Raymond James, Academy Securities, Loop Capital Markets, Ramirez & Co., Inc., and Telsey Advisory Group are acting as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission. This offering is being made only by means of a prospectus, copies of which may be obtained, when available, from: Morgan Stanley & Co. LLC, Prospectus Department, 180 Varick Street, New York, New York 10014, or email: ; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or email: ; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or email: ; and BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322, or email: .

This communication shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

As we take the next steps towards becoming a public company, we want to invite our community to join us for an AM(almost)A with Reddit’s CEO (), COO (), and CFO (). As much as we wish we could, for legal reasons, we are not allowed to respond to any questions in the comments. Instead, we’ll take a selection of your highest upvoted questions that follow required guidelines and post a video response covering all of them. Details and timeline below:

• Comments will be open for the next 2 days (March 11-12), during which time you will have the opportunity to ask , , and about Reddit’s public company journey and upvote questions that you would most like to hear more about.

• After the comment window has closed on March 12 @ 10pm ET, we will lock comments and select questions to be answered.

• We’ll post a video in on 3/18 in which , , and will respond to many of the questions.

• In addition to that video, you can find more information about Reddit and our IPO in our preliminary prospectus available on , any free writing prospectus that we may prepare in connection with our IPO, and the final prospectus for our IPO.

• An important note from our lawyers: The questions and comments made in this thread are not made by Reddit nor any of the underwriters and may contain statements about Reddit or our IPO that are incorrect or out-of-date. Neither Reddit nor the underwriters take responsibility for them and we and the underwriters will not correct them if they are incorrect.

We’ll see you (but you won’t see us) in the comments.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This notification shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.