Reddit reportedly to price IPO on March 20 - Breaking The News

Reddit reportedly to price IPO on March 20

7 March

1 min read

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Social media website Reddit is set to price its initial public offering (IPO) on March 20 and will start trading the following day on the New York Stock Exchange (NYSE), the Financial Times reported on Thursday, citing two people familiar with the matter.

The Wall Street Journal had previously reported that the initial public offering (IPO) price for the company was established between $31 and $34 per share, leading to a targeted valuation range of $6 billion to $6.5 billion, significantly lower than the $10 billion it was at its last private valuation in 2021.

The company submitted its public filing in late February after doing it confidentially in 2021.

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