Reddit Inc.’s initial public offering is between four and five times oversubscribed, signaling strong investor demand for the popular online platform. The IPO is expected to reach its targeted price range of $31 to $34 per share when it debuts in New York on Wednesday. This news comes amidst Reddit’s projected 20% sales growth in 2024 as it prepares to go public. The company’s IPO is generating significant interest from investors, highlighting Reddit’s potential for future growth and success in the market.
Reddit IPO Oversubscribed 4-5x, Prices Targeted Range
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