Reddit aims to raise $748 million in planned IPO, Bloomberg News says
Tweet
Share
E-mail
FILE PHOTO: Reddit logo is seen in this illustration taken November 7, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Media platform Reddit and its investors are seeking to raise as much as $748 million in its initial public offering, Bloomberg News reported on Sunday.
The company is planning a sale of 22 million shares at $31-$34 per share, Bloomberg reported, citing people familiar with the matter.
(Reporting by Chandni Shah in Bengaluru, editing by Deepa Babington)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Reddit (RDDT) PT Lowered to $210 at Morgan Stanley
- Republicans see opportunity in progressives' primary wins while Democrats embrace debate
- French politician Glucksmann launches presidential bid amid fractured left
Create E-mail Alert Related Categories
ReutersRelated Entities
IPOSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
