Reddit Inc. has set its initial public offering (IPO) price at the upper limit of its projected range or $34.00 per share, people familiar with the matter told The Wall Street Journal on Wednesday.

This would place the company’s valuation at $6.4 billion, the sources told The Wall Street Journal earlier.

The social media giant had previously indicated in its filing that it intends to offer 22,000,000 shares of its Class A common stock in its IPO, with the company seeking to debut on the New York Stock Exchange under the symbol “RDDT” on March 21.

Join the discussion: Connect with other investors on your favorite stocks or explore the top-talked-about stocks on our Breakout Boards.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.