How to buy Reddit stock

Here's everything we know so far about the Reddit IPO.

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Popular internet message board Reddit submitted a draft registration statement with the United States Securities and Exchange Commission (SEC) outlining its intention to go public.

The online forum made waves in early 2021 following the GameStop frenzy and remains a popular propagator of meme-stock hype.

No specifics on the offering have been made public, but Redditors have already begun to discuss the pending IPO on the platform.

We'll update this page as new information emerges.

How to buy shares in Reddit

Before you can invest in Reddit, you'll need to open a brokerage account.

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

What we know about the Reddit IPO

Reddit confidentially submitted a draft registration statement with the SEC on 15 December 2021. The company was valued at over US$10 billion following a funding round in August 2021 and hired its first chief financial officer, Drew Vollero, earlier in the year.

Reddit hopes to nail a valuation of over US$15 billion by the time it goes public, according to Reuters.

Reddit’s financials aren’t public – yet

Following the confidential submission of its draft registration statement with the SEC, Reddit’s intentions to go public are clear.

But its financials have yet to be made public.

Now, that doesn’t mean we don’t know anything about what Reddit has been up to. There are a few data indicators investors can use to better gauge Reddit’s position in the market.

According to Crunchbase, Reddit has raised a total of US$1.3 billion over 8 funding rounds.

Its most recent funding round took place in August 2021, where the company raised US$410 million from Fidelity Management and Research Company. Past investors include Tencent, Sequoia Capital and Vy Capital, among others.

The company is currently valued at US$10 billion. We’ll update this page and take a closer look at Reddit’s financials as soon as its S-1 filing is available to the public.

How do similar US companies perform?

It's impossible to predict how any stock will perform – and IPOs can be particularly volatile.

But evaluating the performance of companies like Reddit can be useful in determining how the market is performing and whether now is a good time to invest in this industry.

Select a company to learn more about what they do and how their stock performs, including market capitalisation, the price-to-earnings (P/E) ratio, price or earnings-to-growth (PEG) ratio and dividend yield.

While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

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Important: Share trading can be financially risky and the value of your investment can go down as well as up. Standard brokerage is the cost to purchase $1,000 or less of equities without any qualifications or special eligibility. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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