Serena Williams congratulated her husband and co-founder of Reddit, Alexis Ohanian, on the company’s IPO (Initial Public Offering) launch.Ohanian came up with Reddit alongside his friend Steve Huffman with the goal of making it the ‘front page of the internet’.
It joined Y-Combinator, an American technology startup accelerator and venture capital firm in 2005 and was later acquired by Conde Nast, a global mass media company in 2006.The American continued to work closely with Reddit as a member of its board of directors before leaving the company in 2010.
He would later return in 2015 alongside Huffman to lead the social media company.The 19-year-old website launched its IPO on Thursday making its market debut at $34 a share. The offering has brought the company $519 million which puts the company’s value close to a whopping $6.5 billion. The company sold 15.28 million shares in the offering, with existing shareholders selling another 6.72 million.
Serena Williams took to X (formerly Twitter) to congratulate her husband. Williams said how Ohanian had an idea of beginning an online community in 2005 which became Reddit. She congratulated him on the company’s IPO and expressed how proud she was of him as a husband, father and businessman.
“In 2005 @alexisohanian had an idea to start an online community. That idea became Reddit and today is its IPO. Alexis I am so proud of you as a business man, My man and a dad. Congrats on your IPO! It’s crazy to know you have even bigger things you are doing ! 😍😍
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