Reddit IPO draws major interest, targets $6.5 billion valuation

Reddit is on the path to public trading, aiming for a valuation of $6.5 billion. Reuters reports that the social media platform’s initial public offering (IPO) has attracted considerable attention, becoming oversubscribed by four to five times. This level of interest from investors underscores the anticipation surrounding Reddit’s transition to a publicly traded company. Despite […] source: https://www.cryptopolitan.com/reddit-ipo-draws-major-interest-targets-6-5b/