Reddit aims to raise around $750M in its highly anticipated IPO slated for a NYSE debut next week. So how much do Reddit's key shareholders stand to make if Reddits prices at the top of its range? We break it down here.
Executives & Directors
Reddit Co-founder & CEO Steve Huffman stands to gain the most, as Reddit's largest shareholder. Over Reddit's nineteen year history, Huffman has been instrumental in shaping Reddit's growth, with his leadership paving the way for the company's upcoming IPO.
In addition to Huffman, other executives like COO Jennifer Wong and CFO Andrew Vollero played crucial roles in steering Reddit towards its IPO. Key Board Members, include individuals such as Patricia Fili-Krushel, David Habiger, Porter Gale, Robert Sauerberg, and Michael Seibel, who have brought a wealth of experience and expertise to the table.
Investors
Key investors include Advance Magazine Publishers Inc., the holding company for Conde Nast and other media publications, alongside venture capital firms like Tencent, Vy Capital, Quiet Capital, and Tacit Capital. Fidelity, the global asset manager, is also a key shareholder as well as individual investors like Sam Altman, CEO of OpenAI.
Source: Reddit S-1. Based on fully diluted share count.
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