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Reddit’s planned IPO share price seems high, unless you look at its AI revenue
If investors agree to pay its high-end range, Reddit's valuation should hit around $5.4 billion.
Reddit’s IPO plans are coming into focus with a new S-1 filing released Monday morning that sets an initial price range for its stock at $31 to $34 per share. We believe our growing platform data will be a key element in the training of leading large language models (“LLMs”) and serve as an additional monetization channel for Reddit. Reddit is a treasure trove of exactly the kind of training data that always-hungry, large language model AI companies need thanks to its long-history, huge user footprint, and active, crowd-sourced creation of written material.
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