"Reddit Plans Unprecedented $748M IPO Amid Meme Stock Saga"
TL;DR Summary
Reddit is aiming to raise up to $748M in its IPO by selling 22M shares in the range of $31 to $34 per share, seeking a valuation of up to $6.5B. The company is also setting aside 1.76M shares for purchase by users and moderators who activated accounts before Jan. 1, with these shares not subject to a lockup period.
- Reddit looking to raise up to $748M in its IPO - report (Pending:RDDT) Seeking Alpha
- Reddit aims to raise $748 million in planned IPO, Bloomberg News says Reuters
- Reddit IPO offers ‘unprecedented’ twist in meme stock saga MarketWatch
- Reddit's pre-IPO roadshow to kick off next week Financial Times
- Reddit’s Planned IPO Is Said to Seek Up to $748 Million Bloomberg
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