Reddit Aims for a Valuation of Up to $6.4 Billion in U.S. IPO

Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering.

The social media platform made the announcement Monday (March 11) as it approaches one of the most-anticipated stock market debuts of the year.

Reddit is targeting a sale of about 22 million shares priced between $31 and $34, and hopes to raise up to $748 million.

Read the source article at Yahoo Finance