Reddit is a social news aggregation and discussion platform where users submit content and vote to rank it. Founded in 2005, the company was acquired by Condé Nast in 2006 and spun out in 2011. It went public on NYSE under ticker RDDT in March 2024.
Public Company
Reddit is publicly traded
IPO'd on March 21, 2024
This company is no longer available on our private secondary market. Shares can be traded publicly under RDDT.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2005
Employees
2,200–2,300
Total Funding
$1.21B
7 rounds
Last Private Valuation
$10B
August 12, 2021
Setter30 Ranking
Funding
Total raised $1.21B across 7 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series F
Date
August 12, 2021
Amount
$410M
Valuation
$10B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| August 12, 2021 | Series F | $410M | $10B | Fidelity Investments |
| February 9, 2021 | Series E | $250M | $6B | Vy Capital |
| February 2019 | Series D | $300M | $3B | Tencent |
Funding by Round
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation Trajectory
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series B
$0.5B
Sep 2014
Reddit today
$10B
Aug 2021 · latest mark
Reddit multiple
20.0x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Leadership
Steve Huffman
Founder & CEO
Alexis Ohanian
Co-Founder
Jen Wong
Chief Operating Officer
Drew Vollero
Chief Financial Officer
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
X (Twitter)
Social media platform for real-time news and discussion.
Discord
Community platform with voice, video, and text channels.
Threads
Meta's social discussion platform launched to compete with X.
Quora
Question-and-answer platform for knowledge sharing.
Substack
Creator platform for newsletters and paid subscriptions.
4chan
Anonymous image board and discussion platform.
Reddit Investment FAQ
Reddit FAQ
Yes, Reddit is publicly traded under the ticker symbol RDDT on the NYSE. The company went public in March 21, 2024.
Reddit trades under the ticker symbol RDDT on the NYSE. It began trading in March 21, 2024.
Reddit (RDDT on the NYSE) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker RDDT to place an order.
Reddit went public in March 21, 2024 via ipo, with an offering valuation of approximately $10B. Reddit went public on NYSE (RDDT) on March 21, 2024, at $34 per share valuing the company at $6.4 billion. Trading opened at $47 and closed at $50.44, demonstrating strong market reception.
Reddit raised $1.21B across 7 disclosed funding rounds prior to its public listing.
Reddit was co-founded by Steve Huffman, and Alexis Ohanian in 2005.
Reddit is headquartered in San Francisco, CA.
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