Reddit

Reddit

Reddit prices IPO at $34 per share in first major social media offering

Reddit priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6.5 billion.

This marks the first major social media offering since 2019, showcasing Reddit's strong position in the market. With a valuation of $6.5 billion, Reddit is set to make a significant impact in the social media landscape. Investors are closely watching the performance of Reddit's IPO, eager to see how the company will fare in the market.