Reddit Is Targeting Up to $6.5 Billion Valuation in IPO
- Social media platform plans price range of $31 to $34 a share
- Reddit, underwriters expect to begin marketing shares March 11
The social media company plans to target a price range of $31 to $34 per share in the first-time share sale.
Photographer: Tiffany Hagler-Geard/BloombergThis article is for subscribers only.
Reddit Inc. is eyeing a valuation of as much as $6.5 billion in its initial public offering, according to people familiar with the matter.
The social media company plans to target a price range of $31 to $34 per share in the first-time share sale, the people said, asking not to be identified because the information is private.