{
Advance Magazine Publishers Inc.

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001122334455554433221100
001122334455554433221100

advance magazine seeks 1.2 billion in reddit share sale

Advance Magazine Publishers Inc. is looking to raise up to $1.2 billion by selling 7.8 million shares of Reddit Inc. The shares are priced between $145.38 and $148.54 each, reflecting a potential discount of up to 8% from Reddit's recent closing price of $158.02.
bloomberg.com
United States Dollar Reddit Inc Advance Magazine Publishers Inc. USA
Finance & Economy, Market Report
23:29 21.11.2024

sam altman's reddit stake surpasses one billion dollars after earnings surge

Sam Altman's stake in Reddit is now valued at over $1 billion following a 20% surge in the company's shares after a strong earnings report. Altman, who controls approximately 12.2 million shares, was a significant investor in Reddit, contributing $60 million in 2021. He remains one of the largest shareholders, with no indication of selling his stock since the lockup period ended in September.
CNBC
Stripe Reddit, Inc. TENCENT Asana, Inc. Uber Technologies, Inc. OpenAI Advance Magazine Publishers Inc. Instacart (Maplebear Inc.) Airbnb, Inc. Fidelity National Information Services, Inc. Conde Nast Asia/Pacific Inc. CHN USA Joe Biden Sam Altman Ari Levy Show more
Finance & Economy, News Article
22:20 29.10.2024
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