Correspondence 0001628280-24-010138 from Reddit, Inc. (RDDT) (CIK 0001713445) (RDDT)
Reddit, Inc. (RDDT) (CIK 0001713445)
Date: March 11, 2024 · CIK: 0001713445 · Accession: 0001628280-24-010138
AI Filing Summary & Sentiment
File numbers found in text: 333-277256
Referenced dates: March 5, 2024
Letter
Document
140 Scott Drive
Menlo Park, California 94025
Tel: +1.650.328.4600 Fax: +1.650.463.2600
www.lw.com
FIRM / AFFILIATE OFFICES
Austin Milan
Beijing Munich
Boston New York
Brussels Orange County
Century City Paris
Chicago Riyadh
Dubai San Diego
Düsseldorf San Francisco
Frankfurt Seoul
Hamburg Silicon Valley
Hong Kong Singapore
Houston Tel Aviv
London Tokyo
Los Angeles Washington, D.C.
Madrid
March 11, 2024
VIA EDGAR
Division of Corporation Finance
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549-6010
Attention:
Austin Pattan, Staff Attorney
Jan Woo, Legal Branch Chief
Claire DeLabar, Senior Staff Accountant
Robert Littlepage, Accounting Branch Chief
Re:
Reddit, Inc.
Response to Letter dated March 5, 2024
Form S-1 Filed February 22, 2024
File No. 333-277256
To the addressees set forth above:
Reddit, Inc. (the “Company”) has filed with the U.S. Securities and Exchange Commission (the “Commission”) on the date hereof an amendment (“Amendment No. 1”) to the Registration Statement on Form S-1 (the “Registration Statement”). The Company previously filed the Registration Statement on February 22, 2024. The Registration Statement has been revised to reflect the Company’s response to the comment letter to the Registration Statement received on March 5, 2024 from the staff of the Commission (the “Staff”), and we are hereby providing the Company’s response to the Staff’s letter.
For ease of review, we have set forth below the comment of the Staff’s letter dated March 5, 2024 in bold type followed by the Company’s response thereto.
Form S-1 filed February 22, 2024
Financial Statements
Note 19. Subsequent Events, page F-33
1.Please expand the disclosure to include the amount of unrecognized stock compensation expense for the February 2024 grant of RSUs.
Response: The Company respectfully acknowledges the Staff’s comment and has revised the disclosure on page F-34 of the Registration Statement accordingly.
* * *
March 11, 2024
Page 2
We hope the foregoing answer is responsive to your comment. Please do not hesitate to contact me by telephone at (650) 470-4993 or by email (sarah.axtell@lw.com) with any questions or comments regarding this correspondence.
Sincerely,
/s/ Sarah Axtell
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CORRESP 1 filename1.htm Document 140 Scott Drive Menlo Park, California 94025 Tel: +1.650.328.4600 Fax: +1.650.463.2600 www.lw.com FIRM / AFFILIATE OFFICES Austin Milan Beijing Munich Boston New York Brussels Orange County Century City Paris Chicago Riyadh Dubai San Diego Düsseldorf San Francisco Frankfurt Seoul Hamburg Silicon Valley Hong Kong Singapore Houston Tel Aviv London Tokyo Los Angeles Washington, D.C. Madrid March 11, 2024 VIA EDGAR Division of Corporation Finance U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549-6010 Attention: Austin Pattan, Staff Attorney Jan Woo, Legal Branch Chief Claire DeLabar, Senior Staff Accountant Robert Littlepage, Accounting Branch Chief Re: Reddit, Inc. Response to Letter dated March 5, 2024 Form S-1 Filed February 22, 2024 File No. 333-277256 To the addressees set forth above: Reddit, Inc. (the “Company”) has filed with the U.S. Securities and Exchange Commission (the “Commission”) on the date hereof an amendment (“Amendment No. 1”) to the Registration Statement on Form S-1 (the “Registration Statement”). The Company previously filed the Registration Statement on February 22, 2024. The Registration Statement has been revised to reflect the Company’s response to the comment letter to the Registration Statement received on March 5, 2024 from the staff of the Commission (the “Staff”), and we are hereby providing the Company’s response to the Staff’s letter. For ease of review, we have set forth below the comment of the Staff’s letter dated March 5, 2024 in bold type followed by the Company’s response thereto. Form S-1 filed February 22, 2024 Financial Statements Note 19. Subsequent Events, page F-33 1.Please expand the disclosure to include the amount of unrecognized stock compensation expense for the February 2024 grant of RSUs. Response: The Company respectfully acknowledges the Staff’s comment and has revised the disclosure on page F-34 of the Registration Statement accordingly. * * * March 11, 2024 Page 2 We hope the foregoing answer is responsive to your comment. Please do not hesitate to contact me by telephone at (650) 470-4993 or by email (sarah.axtell@lw.com) with any questions or comments regarding this correspondence. Sincerely, /s/ Sarah Axtell Sarah Axtell of LATHAM & WATKINS LLP cc: Steven Huffman, Reddit, Inc. Andrew Vollero, Reddit, Inc. Benjamin Lee, Reddit, Inc. Anthony J. Richmond, Latham & Watkins LLP Richard A. Kline, Latham & Watkins LLP Alan F. Denenberg, Davis Polk & Wardwell LLP Emily Roberts, Davis Polk & Wardwell LLP Elizabeth LeBow, Davis Polk & Wardwell LLP