Page 69 - Ipo News Today

Reddit is including protests from its forum moderators among "risk factors" to the platform's profits as it heads up to its IPO opening.

In the week gone by, two mainboard IPOs Juniper Hotels and GPT Healthcare opened with a target to raise Rs 2,325 crore.

Altman is the third-largest shareholder in Reddit owning an 8.7% stake comprising 789,456 Class A shares and 11.4 million supervoting Class B shares. If Reddit hits the $5-billion valuation in the IPO, Altmans stake would be valued at about $435 million.

The company aims to raise approximately Rs 429 crore through the offering.

"The world's most popular message board" is going public. Reddit, which abandoned plans for an initial public offering a couple of years ago, filed for an IPO on...

As part of the agreement, Reddit gains access to Google AI models to enhance its internal site search and other features. In a separate statement, the San Francisco-based company announced plans for its IPO

The proceeds from the fresh issue will be used for prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company besides general corporate purposes.

Atmastco IPO: The company plans to use the net fresh issue proceeds to meet the working capital requirements, to prepay and repay certain secured and unsecured loans and for general corporate purposes.

Interiors and More shares listed on NSE SME platform with a 19% premium. IPO received over 11.22 times subscription. Proceeds used for debt repayment and working capital. Revenue in FY23 was Rs 24.85 crore from sales of artificial flowers and plants. Company manufactures decorative items.

Reddit prepares for NYSE debut under symbol RDDT with plans for largest social network IPO since 2019, valued at $10bn.