per share issuance price · Historical table snapshot · Dec 31, 2023
SEC · Reddit filing ↗Note 12: December 31, 2023 original-issue-price table and Conversion
Online communities
Reddit organizes conversations into communities where people post, comment and vote.
01 / YOUR SCENARIO
Choose your starting point.
Choose an IPO milestone or enter your own dated stock price to extend a reviewed pre-IPO scenario.
HYPOTHETICAL SHARE VALUE
RedditSeries F-1
Hypothetical value of $10,000.00 at the reported share price
$5,502.51IPO offer-price mark · IPO completion date: Mar 25, 2024
0.55×Price multiple
-45%Modeled price change
Illustrative paper value. Historical investment minimums and your eligibility are not verified. Excludes fund fees, carried interest, taxes and distributions; no sale is assumed.
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BEHIND THE NUMBERS
What this scenario means for an investor.
This scenario applies the stated share prices and conversion assumptions to your chosen amount. The result is a hypothetical value, not a completed transaction.
- Your amount vs. the investment minimum
- Your amount sets the size of the illustration. It does not establish the minimum required to join that funding round.
- Access depends on the offering
- Investor eligibility and allocations depend on the offering’s terms. A recorded funding price does not mean everyone could invest at that price.
- Direct shares and fund units differ
- A direct share and a unit in a fund or investment vehicle can have different rights and costs. This scenario does not establish a specific investment route.
- A price is not a cash exit
- Lockups, transfer restrictions and available buyers can affect a holder’s ability to sell. The displayed value does not assume a sale.
See the data, sources & calculation
Series F-1 converts directly to Class A at 1:1. Reviewed as-reported units through the selected endpoint; no additional split is applied.
Calculation: amount ÷ reviewed preferred issuance price × assumed conversion factor × IPO offering price.
public offer price per share · IPO completion date · Mar 25, 2024
SEC · Reddit filing ↗Note 1: Initial Public Offering
Published price precision is retained in calculations. A filing snapshot is not necessarily the investment date. These selected companies and stages do not represent typical private-market results; investments can lose their entire value.
Understand the assumptions behind each result. How the calculations work →
Detailed share worksheet & downloadable receiptOptional controls for a closer look at the same evidence.
WHEN YOU WANT TO GO DEEPER
The story behind Reddit
What this shows
The reviewed Series F-1 issuance price exceeds the IPO offer price on the supported one-for-one share basis.
The endpoint matters
$34.00 per share at the historical IPO offering. An offer-price mark is not an executed sale. You can also enter a public price within the reviewed date window.
Read it realistically
Your amount is hypothetical. The evidence does not establish your investment minimum, eligibility or ability to sell.
Company at a glance & business milestonesAn IPO does not guarantee a profitable entry.
Reddit organizes conversations into communities where people post, comment and vote.
- Origins
- Community-based discussion platform
- Industry
- Online communities
- Calculation coverage
- December 2023–December 2024
Reddit’s product brings people together around shared interests. Its reviewed financing example also makes an important investment distinction: a recognizable platform can reach the public market below the price of a particular private round.
Company overview ↗ · How Reddit works: posts, comments and votes.
Historical context reviewed Sep 19, 2026. Business milestones are separate from the financial observations used by the calculator.
Compare the supported funding stagesA fixed $10,000 illustration makes the entry points easier to compare.
Selected reviewed stages, not a complete fundraising history. The same hypothetical amount is used in every row. Private investments can lose all their value.
| Preferred series | Private issuance price | Illustrated amount | Explore |
|---|---|---|---|
| Series F-1 | $61.79 | $5,502.51 | Try this stage → |
Each row applies that series’ reviewed split and conversion treatment. No sale, fees or taxes are assumed.
What investors faced & what remains unknownAccess, share terms, risks and the limits of this research.
Context to keep in mind
This example is a selected price mark, not evidence that investors sold at a loss. Selling eligibility and the eventual sale date can change the outcome.
CTM interpretation of the linked history and financing evidence; not a complete risk assessment.
What the evidence supports
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.
- Investment minimum
- Not verified for these historical entries
- Actual access and allocation
- Not established
- Realized sale proceeds
- Not calculated
- Full funding history
- Not yet compiled; this is selected coverage
What additional research would unlock
Additional rounds need their own issuance evidence, share-basis review and conversion terms before they can become calculator choices.
How to read this company’s calculationReddit before the IPO: an example where the offer-price mark fell
Reddit provides a counterexample to the idea that every pre-IPO investment wins. The reviewed Series F-1 issuance price is $61.79 per preferred share. The IPO offer price is $34 per Class A common share, with a reviewed one-for-one conversion for this series.
At that offer-price endpoint, the hypothetical share-equivalent value is below the original amount. The December 2023 date belongs to the historical table; it is not an assumed investment date. We model Series F-1 only because the other preferred series have a different class mapping.
The linked public-market journey lets you compare this IPO mark with a separately sourced later closing-price observation. Changing the endpoint changes the marked outcome, but does not establish when a private investor was able to sell.
Supporting observations: Series F-1 preferred issuance price ↓IPO offer price ↓
Common questions
Can a pre-IPO investment lose value when a company lists?
Yes. In this reviewed example, the IPO offer price is below the Series F-1 issuance price on the modeled one-for-one basis. An IPO itself does not guarantee a profitable exit.
Does the loss shown equal an investor’s realized loss?
No. This is an offer-price mark. Realized results depend on the actual security, costs, selling eligibility, sale date and execution price.
Why only Series F-1?
The reviewed evidence maps Series F-1 directly to Class A common shares. Other preferred series map to Class B, so they are not included in this enabled path.
Research update · Sep 19, 2026
Added an optional entered public share price, with reviewed conversions, splits and a company-specific date window.
Review dates describe our research. They do not turn historical prices into current quotes.Keep exploring
Financial observations & original sources2 sourced observations · expand to inspect each record
Milestones & evidence
2 sourced observationsHistorical table snapshot
Series F-1 preferred issuance price
B · Reported financing$61.79 USD
Reported price per preferred share
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.
Primary source checked
SEC · Reddit filing · 2024 Form 10-K (opens in a new tab)Evidence details
- Publisher
- SEC · Reddit filing
- Source location
- Note 12: December 31, 2023 original-issue-price table and Conversion
- Share class
- Series F-1 preferred
- Checked on
- Sep 17, 2026
- Observation ID
- RDDT-F1
IPO completion date
IPO offer price
A · Documented transaction$34.00 USD
Offer price per Class A common share
An offering price does not establish that a private holder received an allocation or could sell. It is not a public closing price.
Primary source checked
SEC · Reddit filing · 2024 Form 10-K (opens in a new tab)Evidence details
- Publisher
- SEC · Reddit filing
- Source location
- Note 1: Initial Public Offering
- Share class
- Class A common
- Checked on
- Sep 17, 2026
- Observation ID
- RDDT-OFFER
What’s missing matters.
There are no daily private-market prices between these observations. We do not fill the gaps with an invented curve. Investment returns require the specific security, entry terms, dilution and an actual exit or appropriate mark.
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