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How to Participate in an Initial Public Offering (IPO), Retrieved FAQs: What are the participation criteria and eligibility requirements?, Retrieved Or you can also indirectly invest through Tencent and Pinterest. You can check secondary marketplaces to see if stocks are available. It has started filing for its IPO the official announcement is expected in late 2023.īut while waiting for its IPO, other ways are available to buy its shares. This preserved their unique culture and community-driven nature. However, Advance has allowed Reddit to operate freely. It covers renowned magazines like Vogue and The New Yorker.Īdvance Publications acquired a majority stake in Reddit in 2006. It also owns Condé Nast, a publishing company. Who owns Reddit?Īdvance Publications, a media company, owns Reddit. Most investors see Reddit's growth as a potential for long-term investment. It aims to hit both the advertising and e-commerce sectors. Reddit continues to expand its services, covering a broader market. These notable names also appeal to other investors. Thirty-one investors have supported Reddit since its inception, including Fidelity, Sequoia Capital, Tencent, and Andreessen Horowitz. This growth increased Reddit's fame and potential for expansion. It raised $410 million and valued Reddit at $9.6 billion. The August 2021 funding round was remarkable. Reddit has raised $1.3 billion in 10 financing rounds. Once it goes public, the stock symbol will also be released. Reddit has no stock symbol yet because it is not publicly traded. As of 2023, the company's market capitalization reached $15.74 billion and approximately 463 million users, or "pinners." Pinterest's net worth as of March 2023 is $17.08 billion. Pinterest was founded in 2010 and went public on April 18, 2019. Both platforms offer a way for users to discover new content and ideas. One potential company to consider is Pinterest. investors can buy Tencent stock through ETFs, such as KraneShares CSI China Internet ETF (KWEB), which comprises China's largest internet companies. They have been listed on the Hong Kong Stock Exchange since 2004. And they are also known worldwide for their mobile games, such as Honor of Kings. They run WeChat - China's top social and messaging app. Tencent Holdings Limited is considered one of China's Tech Giants. Another is to look into their company partners, such as Pinterest.
One option is to invest in Reddit's publicly traded investors like Tencent Holdings. You can also indirectly gain exposure to Reddit's stocks.
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