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by ortusdux 850 days ago
Reddit DM I just got:

"Participating in Reddit’s Initial Public Offering (IPO)

from reddit

sent 11 minutes ago

Hello,

TL;DR: – you’re invited to a special program that lets redditors purchase stock at the same price as institutional investors when we IPO. Details about eligibility and next steps follow. This (long, dense) message has all the info we can provide due to legal restrictions.

As you may have heard, Reddit has taken steps toward becoming a publicly traded company with the initial public filing of our registration statement with the U.S. Securities and Exchange Commission on February 22, 2024. Yes, it’s happening.

And because you have helped make Reddit what it is today, you now have the opportunity to become Reddit owners at the same price as institutional investors.

We’re offering a Directed Share Program (“DSP”) that invites eligible users and moderators who have contributed to Reddit to participate in our initial public offering (“IPO”). (Including you!)"

3 comments

Are you an active user? What was the cutoff threshold for this?
They discuss the Directed Shares Program on page 224.

https://www.sec.gov/Archives/edgar/data/1713445/000162828024...

Briefly - Users & Moderators will be invited on 6 phased tiers. Accounts created on or before Jan 1st, 2024.

T1 - Users identified by us who have made meaninful contribution to Reddit community programs.

T2 - 200,000 Karma / 5,000 Mod actions

T3 - 100,000 Karma / 2,500 Mod actions

T4 - 50,000 Karma / 1,000 Mod actions

T5 - 25,000 Karma / 500 Mod actions

T6 - All eligible users

Class A Common stock, # and % appears redacted.

15yr club, 90k karma, former mod of a 200k sub - no stocks for me. Then again I've grown to despise reddit and whatever I contributed.
I'm 17yr club casual redditor, I just comment without regard to karma or anything like that.
Is there a price listed anywhere? thats all i care about finding out
Huh. That 100k karma might finally be worth something!
Too bad all my old alts either rotated or got hellbanned lol
Somewhat active. Could have something to do with my account being 15+ y/o as well.
Received the same via email.
Looks like I did as well.
Got the same email. Wish I can use the offer (I'm not american)