Reddit aims to raise $748 million in planned IPO, Bloomberg News says
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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)
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