Reddit prices IPO at $34 per share, the top of the range

This post is by Marina Temkin from TechCrunch

Reddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company’s IPO on Thursday. The social media giant raised nearly $500 million in the offering.  Excluding employee stock options, the 19-year old company’s valuation will start at $5.4 billion, a far […] © 2024 TechCrunch. All rights reserved. For personal use only.