Reddit plans to set aside shares for loyal users in next month's IPO
Social media company Reddit plans to give some of its IPO shares to its 75,000 most active users on a pilot basis when it goes public next month, in a different take on the stock market. According to people familiar with the matter, the company plans to reserve a certain number of shares for these so-called "redditors," the exact number of which has not yet been determined.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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