Reddit IPO Pitch Deck

Reddit is an American social news aggregation, content rating, and forum social network. The company was founded by University of Virginia roommates Steve Huffman and Alexis Ohanian, as well as Aaron Swartz, in 2005. As of October 2023, Reddit is the 18th most-visited website in the world. Reddit has raised multiple funding rounds from notable investors ie. $50M in 2014 from the likes of Sam Altman and Marc Andreessen and $300M in a 2019 round led by Tencent. Reddit achieved unicorn status in July 2017, raising $200 million for a $1.8 billion valuation. When Reddit debuted on the stock market in March 21, 2024 with the ticker symbol RDDT at $34 per share, which equates to a $6.4 billion valuation three years prior, the company raised a $700 million funding round led by Fidelity Investments at a valuation over $10 billion.