Reddit $748 million IPO
The shares are listed on the New York Stock Exchange
Davis Polk advised the representatives of the several underwriters in connection with the initial public offering of 22,000,000 shares of Class A common stock of Reddit, Inc., of which 15,276,527 shares were issued and sold by the company and 6,723,473 shares were sold by the selling stockholders. The Class A common stock is listed on the New York Stock Exchange under the ticker symbol “RDDT.”
First launched in 2005, Reddit is a global, digital city where anyone in the world can join a community to learn from one another, engage in authentic conversations, explore passions, research new hobbies, exchange goods and services, create new communities and experiences, share a few laughs and find belonging.
The Davis Polk corporate team included partners Alan F. Denenberg and Emily Roberts, counsel Beth LeBow and associate Ivey Eugene. Partner Frank J. Azzopardi and associate Francesca Masella provided intellectual property advice. The tax team included partner Mario J. Verdolini. The executive compensation team included partner Adam Kaminsky and counsel Charlotte R. Fabiani. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.