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


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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Tesla unveils cheaper Cybertruck variant, cuts Cyberbeast price to drive demand
Los Angeles sues Roblox over child exploitation claim
Google Gemini, Apple add music-focused generative AI features
ByteDance building out artificial intelligence team in US
Sony shuts down video-game studio Bluepoint
AppLovin plans Its own social platform after failed TikTok bid
Laser-written glass can store data for millennia, Microsoft says
OpenAI's Altman tells leaders regulation 'urgently' needed
Ireland, home to EU tech hubs, mulls teen social media ban
Nvidia close to investing $30 billion in OpenAI's mega funding round, source says

Others Also Read