Reddit plans to raise up to $748 million in its upcoming IPO, seeking a valuation of about $6.5 billion. The company will sell about 22 million shares between $31 and $34 per share. Redditors participating in the IPO may cause increased volatility in the stock market.
Reddit aims to raise up to $748 million as part of its upcoming IPO , in which the social media company is seeking a valuation of about $6.5 billion. The company plans to sell about 22 million shares between the range of $31 to $34 per share.
Redditors who participate in the IPO could result in increased volatility in the market price of the company's stock.
Reddit IPO Social Media Valuation Shares Redditors Volatility
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