Social media company Reddit is looking to raise almost $750 million in an initial public offering of its common stock
Social media company Reddit is looking to raise almost $750 million in an initial public offering of its common stock.
The company said in a regulatory filing that the IPO will include 22 million shares of Class A common stock. Reddit is offering approximately 15.3 million shares, while the selling stockholders are offering about 6.7 million shares.
Reddit anticipates that the IPO will be priced between $31 and $34 per share.
The San Francisco-based company said that the underwriters have reserved, at its request, up to 1.
