How Reddit’s IPO and direct share program will impact the market’s momentum

There’s been a lot of noise around the Reddit IPO, which makes sense. The social media site is one of the largest community-based networks in the world. It is backed by a ‘who’s who’ list of venture capital investors, and you could argue that the formation of its Wall Street Bets sub-Reddit changed the face of retail investing. Even when Reddit filed its S-1, you knew it would be market-making news.
Beyond the typical things you’d find in an S-1, however, the company included the facility for some of its top users . . .

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