initial public offering
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Hey Redditors, They Saved You Some Stock in Reddit’s IPO
Being a Reddit user has always had its perks, but now the most loyal Redditors will get VIP passes to own part of the company. Reddit disclosed plans to launch its long-awaited IPO at up to a $US6.4 billion valuation, according to a Monday filing with the SEC, and the company is reserving 8% of…
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WeWork Is Now Dealing With A US Federal Investigation
However WeWork may be defined—transformative office space startup or cult-like Silicon Valley unicorn—the U.S. Securities Exchange Commission reportedly believes the company warrants inquiry. Sources familiar with the matter told Bloomberg the SEC has begun scrutinizing the corporation over concerns that investors may have been misled ahead of WeWork’s disastrous initial-public-offering-that-wasn’t.
