Reddit Sets $748 Million Goal In Upcoming IPO
  • 2 months ago
The social media company Reddit is looking to raise around $748 million, as well as seeking a valuation of $6.5 billion. According to a corporate filing released today, Reddit plans to sell roughly 22 million shares between a range of $31 to $34 per share. Reddit has set aside $1.76 million shares for it's so-called "Redditors" who want to participate in the initial public offering. These VIP members will be able to purchase shares and then sell them when Reddit goes public.