Reddit seeks $6.5bn valuation from float

Social media platform plans to raise $748m through sale of 22m shares

Penny Horwood
clock • 2 min read
Reddit seeks $6.5bn valuation from float

Reddit has revealed that it is aiming for a $6.5bn valuation when it floats on the New York stock exchange towards the end of this month. This seems a lot for a company which is still posting significant losses.

The company made a corporate filing with the US Securities and Exchange Commission yesterday, which indicated that it planned to raise up to to $748m by selling 22m shares valued at between $31 and...

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Penny Horwood
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Associate Editor focusing on diversity in tech and sustainability content.

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