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For its IPO, Reddit valued at $6 billion

2024-03-20T22:52:28.201Z

Highlights: For its IPO, Reddit valued at $6 billion. The social network received approval from the New York Stock Exchange on Wednesday for its listing. Its entry price will be $34 per share, Reddit said, which will allow it to raise more than $748 million. It traditionally comes the day after this final green light from the NYSE. It could, according to media reports, value it at more than £4.5 billion, or £5.2 billion. It is expected to go on sale in the next few weeks.


The social network received approval from the New York Stock Exchange on Wednesday for its listing.


The social network Reddit said on Wednesday that it had set its share price at the top of the range for its listing on the New York Stock Exchange, which could, according to media reports, value it at more than $6 billion.

Also read: AI: Reddit enters into an unprecedented licensing agreement with Google for $60 million

Reddit received approval from the New York Stock Exchange on Wednesday for its listing, which traditionally comes the day after this final green light.

Its entry price will be $34 per share, Reddit said, which will allow it to raise more than $748 million.

Source: lefigaro

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