Reddit IPO to Raise up to $748 Million Through Stock ... The offering would give Reddit a top valuation of about $6.4 billion — less than the $10 billion it had been valued at in 2021 after a ...

Reddit is targeting a valuation of up to $6.4 billion as it gets for its initial public offering later this ... Reddit Aims For Valuation Up To $6.4B In IPO, Pricing Shares At $31 To $34. By Dade ...

Reddit’s most recent primary round in 2021 raised $410 million at a $10 billion valuation from investors, including Fidelity, Quiet Capital and Montauk Ventures, among others. The market has ...

Reddit last disclosed in 2019 that it had 330 million monthly active users. It hasn’t given an updated count since then, though its IPO filing said the site saw 500 million visitors in December ...

The IPO price per share ranges between $31 and $34; Reddit aims to raise a substantial $748 million with a targeted launch valuation of $6.4 billion.

Overall, Reddit is seeking a $6.4 billion valuation with the IPO. That’s less than the $10 billion valuation that Reddit targeted when it announced its last funding round in 2021.

Reddit expects the IPO will range in price between $31 and $34 per share. At the midpoint of that range, the California-based company would raise about $451 million, and it plans to use the ...

Reddit’s shares opened 38% above the initial public offering price. AFP via Getty Images. Typically shut out of bidding in an IPO, retail traders eager to gain exposure to a newly listed company ...

Reddit is targeting a valuation of up to $6.5 billion in its highly anticipated IPO, far less than the social-media company was worth a few years ago. It plans to target a price range of $31 to ...

IPO Report Reddit launches IPO at a valuation of up to $6.4 billion, with deal expected to price next week Social-media company plans to offer 22 million shares for proceeds of up to $748 million.

In its original IPO filing last month, Reddit reported 2023 revenue of $804.0 million, up 21% year over year, and a net loss of $90.8 million in 2023, compared with a $158.6 million loss the year ...