{"schema_version":"ctm-public-research-1.0","id":"reddit","name":"Reddit","ticker":"RDDT","sector":"Online communities","description":"Explore the private issuance and IPO offer as distinct milestones, with the evidence behind each price.","coverage_note":"Series F-1 has a reviewed direct Class A conversion and a sourced year-end closing price. Actual investment access and sale proceeds are unknown.","url":"https://capitaltimemachine.com/private/reddit","publisher":"CapitalTimeMachine","dataset_revision":"ctm-research-2026-10-01","dataset_reviewed_on":"2026-09-19","feed_released_on":"2026-10-01","methodology_url":"https://capitaltimemachine.com/methodology","terms_url":"https://capitaltimemachine.com/terms","corrections":"mailto:capitaltimemachine@gmail.com","observations":[{"id":"RDDT-F1","title":"Series F-1 preferred issuance price","note":"This is a historical table date. Series F-1 maps to Class A; the other preferred series map to Class B. The enabled model uses Series F-1 only.","observation_date":"2023-12-31","date_precision":"day","date_role":"historical_table_snapshot","actual_entry_date":null,"value":"61.79","value_qualifier":"","currency":"USD","value_scope":"per_share_issuance_price","share_class":"Series F-1 preferred","share_basis":"as_reported_reviewed_no_additional_split","confidence_class":"B","verification_status":"primary_verified","checked_on":"2026-09-17","source":{"url":"https://www.sec.gov/Archives/edgar/data/1713445/000171344525000018/rddt-20241231.htm","publisher":"SEC · Reddit filing","title":"2024 Form 10-K","locator":"Note 12: December 31, 2023 original-issue-price table and Conversion"},"supporting_sources":[],"citation_url":"https://capitaltimemachine.com/private/reddit#RDDT-F1"},{"id":"RDDT-OFFER","title":"IPO offer price","note":"An offering price does not establish that a private holder received an allocation or could sell. It is not a public closing price.","observation_date":"2024-03-25","date_precision":"day","date_role":"offering_completion","value":"34.00","value_qualifier":"","currency":"USD","value_scope":"public_offer_price_per_share","share_class":"Class A common","confidence_class":"A","verification_status":"primary_verified","checked_on":"2026-09-17","source":{"url":"https://www.sec.gov/Archives/edgar/data/1713445/000171344525000018/rddt-20241231.htm","publisher":"SEC · Reddit filing","title":"2024 Form 10-K","locator":"Note 1: Initial Public Offering"},"supporting_sources":[],"citation_url":"https://capitaltimemachine.com/private/reddit#RDDT-OFFER"}],"calculation_options":{"early_stage_assumptions":null,"ipo_offer_models":[{"id":"RDDT-F1-IPO","company":"reddit","start":"RDDT-F1","end":"RDDT-OFFER","label":"Series F-1 → IPO offer-price mark","conversion_factor":"1","split_adjustment":"already_reflected_do_not_apply_again","reviewed_on":"2026-09-17","basis_note":"Series F-1 converts directly to Class A at 1:1. Reviewed as-reported units through the selected endpoint; no additional split is applied.","source_url":"https://www.sec.gov/Archives/edgar/data/1713445/000171344525000018/rddt-20241231.htm","source_locators":["Note 12: December 31, 2023 preferred-stock table","2024 Form 10-K Notes 4 and 12"]}],"valuation_comparisons":[],"user_entered_private_prices":false,"entered_public_price_review":{"company":"reddit","ticker":"RDDT","issuer_cik":"1713445","model_ids":["RDDT-F1-IPO"],"from_date":"2024-06-10","through_date":"2026-09-19","reviewed_on":"2026-09-19","status":"reviewed_user_price_scenario","historical_only":false,"limitation":"Entered price is unverified. Use the actual common-share price on its dated basis, not a dividend-adjusted or retrospectively split-adjusted history.","listed_equivalent_factor":"1","splits":[],"sources":[{"url":"https://www.sec.gov/Archives/edgar/data/1713445/000171344525000018/rddt-20241231.htm","title":"Original IPO share basis","locator":"Prospectus / offering and capital-stock terms; the existing private-to-IPO model supplies the entry conversion."},{"url":"https://www.sec.gov/Archives/edgar/data/1713445/000171344526000100/rddt-20260630.htm","title":"Issuer 10-Q · 2026-07-31","locator":"Common-stock presentation and corporate-action screening. A missing split keyword alone is not evidence of a complete history."},{"url":"https://www.stocksplithistory.com/?symbol=RDDT","title":"Supplemental split-history screen","locator":"Dated post-IPO corporate actions only. Ticker reuse can introduce unrelated pre-IPO events; those are excluded. No market quote was copied."}],"review_note":"Entry-to-IPO conversion reuses the approved company-specific model. The post-IPO corporate-action screen matches the issuer CIK and excludes reused ticker history predating its IPO. This is a bounded price-only scenario, not a licensed quote or a certified corporate-action feed."},"public_ipo":null},"limitations":["Historical research and hypothetical arithmetic, not live quotes, investment advice or an offer to invest.","Company valuation changes are not shareholder returns. Financing, dilution, security rights and exit access matter.","IPO offer-price marks are not realized sale proceeds; minimum investments and access are not established.","User-entered prices and valuations are assumptions, not sourced observations. Fee and carry treatment is stated by each method; taxes and distributions are excluded.","Selected surviving companies are not representative of private-market outcomes; investments may lose all value."]}