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.

(Reporting by Chandni Shah in Bengaluru, editing by Deepa Babington)

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

Next In Tech News

France seeks three-month suspension of Shein website in court hearing
One Tech Tip: Up your Christmas shopping game with AI tools
SoftBank's Arm plans to set up chip training facility in South Korea
Exclusive-India weighs greater phone-location surveillance; Apple, Google and Samsung protest
AI industry not in a bubble, but stocks could see correction, SK chief says
The rise of�AI reasoning models comes with a big energy tradeoff
Amazon pays Italy 180 million euros to end tax, labour probe, sources say
Meta’s Zuckerberg plans deep cuts�for metaverse efforts
Tech tracking to tackle human-wildlife conflict in Zimbabwe
Like fancy Japanese toilets? You’ll love the sound of this.

Others Also Read