Reddit’s highly anticipated US IPO is targeting a $6.4 billion valuation

Amid a significant wave of developments witnessed recently, Reddit, an American social news aggregation network, recently revealed that the company is targeting a valuation of up to $6.4 billion in its public offering initial (IPO) in the United States, marking one of the most anticipated events debuting on the stock exchange this year. According to a report, the company, along with some of its major investors, aims to sell around 22 million shares, with prices ranging from $31 to $34 per share, attracting considerable attention among market traders and investors globally. global.