“Social media platform Reddit plans to sell a chunk of its IPO shares to its platform’s users, the Wall Street Journal reported, opens new tab on Wednesday.
It aims to reserve an as-yet-undetermined number of shares for 75,000 of its most prolific so-called redditors when it goes public next month, the report said, citing people familiar with the matter.
The users will have the opportunity to buy Reddit shares at its initial public offering (IPO) price before the stock starts trading, a privilege normally reserved only for big investors, the report said.”
[Article](https://www.reuters.com/markets/deals/reddit-plans-reserve-shares-its-big-users-ipo-wsj-reports-2024-02-21/)
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