Reddit files for IPO: Here are its biggest shareholders

CNBC TV18 By Anand Singha Published Feb 23, 2024

[{"selector":"#anim-834ef31c-5f70-4f9a-b818-abd8c6d03dce","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fb7ae066-e762-47cb-8866-877ef73a8aaa","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Reddit Inc. filed for an initial public offering, confirming its revenue growth and helping to propel a still tenuous resurgence in US listings. Here are its biggest shareholders.

[{"selector":"#anim-df4fb5c5-899d-4e78-8555-ec2278494d4a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Steven Huffman Leads the Pack Co-Founder & CEO commands a hefty 33% stake in Reddit.

[{"selector":"#anim-9a7ce0ef-4381-40c6-b967-a2a96d8d8fc7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.499999772451451%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Jennifer Wong: The COO with a Stake Holding 1.5%, Wong plays a pivotal role in Reddit's operations.

[{"selector":"#anim-d889ef68-58c6-4673-8b6b-850495643f2d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(10.543313021468556%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Sam Altman's Sizeable Share With an 8.7% stake, Altman's influence is felt in Reddit's strategic decisions.

[{"selector":"#anim-0379ba2f-b600-43fd-8030-7ec0483239d3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Steven O. Newhouse's Dominance Advance Magazine Publications' representative boasts a substantial 30.1% ownership in Reddit.

[{"selector":"#anim-46e8bf98-aed8-4e48-9089-358fcd8f67b8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(24.999999544902902%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] FMR LLC's Investment This entity holds 8.4%, positioning itself as a significant player in Reddit's shareholder lineup.

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[{"selector":"#anim-77bebce5-3158-42eb-8435-d603c9e48c8b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Tencent's Global Reach The Chinese tech giant holds an 11% stake, reflecting its interest in Reddit's potential.

Reddit files publicly for IPO after two years on the sidelines

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