Access here alternative investment news about Reddit Targets Up To Us$6.4 Billion Valuation In Much-awaited Us Ipo - Cna
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Reddit logo is seen in this illustration taken November 7, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Reddit is aiming for a valuation of up to US$6.4 billion in its US initial public offering (IPO), the social media platform said on Monday (Mar 11), as it nears one of the most-anticipated stock market debuts of the last few years. The company, along with some of its existing investors, is targeting a sale of about 22 million shares, priced between US$31 and US$34 each, to raise up to US$748 million. Nearly 6.7 million of the shares are being offered by the selling stockholders.

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