0R15 7603.0 -1.7651% 0R1E 7406.0 -1.3848% 0M69 None None% 0R2V 168.75 -0.8811% 0QYR 1341.134 1.2177% 0QYP 392.5 -4.0342% 0LCV 132.52 -0.8084% 0RUK 2940.0 0.616% 0RYA 1742.0 -2.1348% 0RIH 157.95 -0.2211% 0RIH 155.51 -1.5448% 0R1O 171.25 9561.4951% 0R1O None None% 0QFP 8920.4336 76.9927% 0M2Z 296.7062 -0.5009% 0VSO 23.61 -33.6891% 0R1I None None% 0QZI 492.5 -0.1014% 0QZ0 220.0 0.0% 0NZF 859.0151 72.3546%

mid-cap

Is this the right time to exit from Reddit Inc (RDDT)?

Mar 28, 2024 | Team Kalkine
Is this the right time to exit from Reddit Inc (RDDT)?

Company Overview

Reddit serves as a global digital city where individuals worldwide can connect, learn, and engage in a multitude of activities within diverse communities. Like citizens in a physical city, Reddit users participate in various subreddits based on their interests, fostering meaningful discussions, and sharing experiences through posts, comments, and media uploads. With over 500 million visitors and an average of 73.1 million daily active uniques as of December 2023, Reddit acts as a dynamic archive of human knowledge and interaction, enabling users to seek advice, share discoveries, and build relationships.

Initial Public Offering

The company had launched its IPO on March 21st, 2024, under the ticker RDDT and had sold approximately 158,983,572 shares at USD 32.50 share. We had covered this IPO in our ‘Kalkine IPO Report’ on March 18, 2024, and had concluded that this IPO was “Attractive” given it given the financial performance of the company, increased global DAUq and revenue, market opportunity of RDDT, use of proceeds, and associated risks.

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