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Reddit DM I just got: "Participating in Reddit’s Initial Public Offering (IPO) from reddit sent 11 minutes ago Hello, TL;DR: – you’re invited to a special
by ortusdux 3y ago
Reddit DM I just got:
"Participating in Reddit’s Initial Public Offering (IPO)
from reddit
sent 11 minutes ago
Hello,
TL;DR: – you’re invited to a special program that lets redditors purchase stock at the same price as institutional investors when we IPO. Details about eligibility and next steps follow. This (long, dense) message has all the info we can provide due to legal restrictions.
As you may have heard, Reddit has taken steps toward becoming a publicly traded company with the initial public filing of our registration statement with the U.S. Securities and Exchange Commission on February 22, 2024. Yes, it’s happening.
And because you have helped make Reddit what it is today, you now have the opportunity to become Reddit owners at the same price as institutional investors.
We’re offering a Directed Share Program (“DSP”) that invites eligible users and moderators who have contributed to Reddit to participate in our initial public offering (“IPO”). (Including you!)"
- CamelCaseName 3y agoAre you an active user? What was the cutoff threshold for this?
- ortusdux 3y agoSomewhat active. Could have something to do with my account being 15+ y/o as well.
- goles 3y agoThey discuss the Directed Shares Program on page 224. https://www.sec.gov/Archives/edgar/data/1713445/000162828024006294/reddits-1q423.htm#i70181091183849eaa50740c523e03e00_137525 https://www.sec.gov/Archives/edgar/data/1713445/000162828024... Briefly - Users & Moderators will be invited on 6 phased tiers. Accounts created on or before Jan 1st, 2024. T1 - Users identified by us who have made meaninful contribution to Reddit community programs. T2 - 200,000 Karma / 5,000 Mod actions T3 - 100,000 Karma / 2,500 Mod actions T4 - 50,000 Karma / 1,000 Mod actions T5 - 25,000 Karma / 500 Mod actions T6 - All eligible users Class A Common stock, # and % appears redacted.
- 01HNNWZ0MV43FF 3y agoToo bad all my old alts either rotated or got hellbanned lol
- grecy 3y agoHuh. That 100k karma might finally be worth something!
- rospaya 3y ago15yr club, 90k karma, former mod of a 200k sub - no stocks for me. Then again I've grown to despise reddit and whatever I contributed.
- calf 3y agoI'm 17yr club casual redditor, I just comment without regard to karma or anything like that.
- diox8tony 3y agoIs there a price listed anywhere? thats all i care about finding out
- toomuchtodo 3y agoReceived the same via email.
- ortusdux 3y agoLooks like I did as well.
- haunter 3y agoGot the same email. Wish I can use the offer (I'm not american)