Reddit logos are seen displayed in this illustration taken Feb 2, 2021. (File photo: REUTERS/Dado Ruvic/Illustration) Social media platform Reddit priced its initial public offering at the top of its targeted range of US$31 to US$34 per share on Wednesday (Mar 20), raising US$748 million and giving the ailing technology IPO market a much-needed boost. The IPO priced 22 million shares sold by the company and its existing shareholders at US$34 a share, giving Reddit a valuation of about US$6.4 billion. Excluding the shares sold by existing shareholders, Reddit raised gross proceeds of US$519.4 million.