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The company plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.” The company was founded in 2005 on the idea of creating “the home page of the internet.”
The social media company plans to launch its IPO in March, according to recent media reports.
For the year ended Dec. 31, 2023, the social media company reported a loss of $1.54 a share from a loss of $2.77 a share a year earlier, as revenue, which is mainly driven by advertising sales, rose to $804M from $666M a year earlier.
