Reddit targets up to $6.4 billion valuation in highly anticipated US IPO
March 11, 2024
Reddit is targeting a valuation of up to $6.4 billion in its US initial public offering, the social media platform said on Monday, as it nears one of the most anticipated IPO debuts in years.
The company, along with some of its existing investors, is targeting to sell about 22 million shares at between $31 and $34 each, for proceeds of up to $748 million.
