Hello and welcome back to Equity. This is an Equity shot bringing you breaking

news that wasn't out in time for our Friday show and we would have had Mary Ann on

this episode but she is currently sick we love her but I did get to

write with her about the Reddit IPO which we have linked in the show notes and I

think is probably still on top of Tech Ranch.com so go check that out but

yes Reddit is going public at long last and you know we couldn't wait all the way till Monday to talk about the numbers, talk about what we've learned. We've been waiting for this guys for so long.

Finally here, and I'm so excited about it.

If you are a regular equity listener,

you might recall that we did discuss

Reddit's deal with Google on the Friday show, and back on February 9th we talked about the ad market.

So we have been digging in on this for some time, but now we got the S1 filing, which means we have

so much information that's new, interesting and important.

So here is an overview for you this lovely weekend.

We'll have more of course as this company tells us more and we learn more about other IPOs,

but for now here's what you need to know.

OnlineForum Giant Reddit is going public, it's looking at the New York Stock Exchange,

it's targeting the ticker symbol RDDT, not super catchy, but pretty much on the nose, so we can put that aside.

Now, the company has filed its first S1 filing.

That means we do not have any information yet as to what price range the company may

target when it does list its shares publicly. So we do know that back in the day

Reddit was valued at about $10 billion, but that was a 2021 error price that I don't think many people think

the company will reach in its IPO. We've heard prices more around the $5 billion mark,

...