From 17.05.2021, ICC Intercertus Capital Limited, trading as Axiance (formerly EverFX) , is not permitted to provide regulated financial services to residents of the United Kingdom.
 
EN
  • EN
  • AR
  • ZH
  • FR
  • EL
  • PT
  • ES
  • ID
  • TH
  • DE
  • VI
  • RU
Type to SearchNo item Found

    Blog

    • Home
    • Blog
    • Market analysis
    • Reddit IPO: Coming in Big?

    Market analysis

    Reddit IPO: Coming in Big?

    05.10.2021by Philippe Orphanides

    reddit is coming big with its IPOReddit co-founder and CEO Steve Huffman confirmed rumors about an upcoming Reddit IPO but did not give any date. Last month, the online forum was valued at USD 10bn.

    With the looks of a common forum page with thematical discussion boards, the company is expected to break through USD 15bn in valuation post-IPO.

    How did that exactly happen? One word: Trading.

    The forum’s numbers went through the roof at the beginning of this year amidst the GameStop saga. Many of its users set up discussion boards with trading advice, racking up extra million users daily at the time with retail investors invading the r/WallStreetBets board for trading tips.

    Reddit is the 14th most visited website in the world with 53 million daily active users and USD100 million in annual ad revenue. Hosting more than 100,000 communities, its users share their thoughts on a range of topics, sometimes controversial.

    The success of the platform is mainly due to the anonymity of the posts and the fact that they are submitted to votes by the discussion board participants, the most upvoted posts appearing first on the page.

    According to Reddit COO Jennifer Wong, the platform has the opportunity to expand more globally. Half of its users are outside the US, but virtually all of its revenue is from domestic advertising. A successful IPO could change these numbers with the expected pressure for increasing ad revenue from potential future shareholders.

    While the markets keep a close watch on any signs of an imminent Reddit IPO, start trading CFDs on stocks that hit big IPOs and grow globally like Pinterest, Airbnb, or Alibaba.


    Disclaimer: This article is not investment advice or an investment recommendation and should not be considered as such. The information above is not an invitation to trade and it does not guarantee or predict future performance. The investor is solely responsible for the risk of their decisions. The analysis and commentary presented do not include any consideration of your personal investment objectives, financial circumstances, or needs.

    Share

    Related

    Get the Axiance App

    Authorized and regulated: | CySEC License no: 301/16

    Axiance is the trade name used by the Axiance Group of companies formerly operating as EverFX (“Axiance”) and it is owned by an entity of the Axiance Group.

    Legal: This website is operated by ICC Intercertus Capital Ltd with registration no. HE346662 and registered address at 78 Spyrou Kyprianou Avenue, Magnum Business Center, 3076, Limassol, Cyprus.

    Any trademarks appearing on this website are the property of their respective owners.

    Licenses: ICC Intercectus Capital Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 301/16. EEA Cross-borders Registration: CNMV (Spain) reg. 4256 AFM Netherlands FI Sweden KNF Poland

    Notes: ICC Intercectus Capital Ltd does not offer its services to residents of certain jurisdictions such as the USA, UK, Belgium, Iran, Canada and North Korea etc.

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.10% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure.

    • Privacy Policy
    • Cookies Policy
    • Risk Disclosure
    • FAQs

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.10% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure.