Reddit targets $6.5 Billion Valuation for IPO
Briefly

The $6.5 billion target is difficult to justify, given that Reddit is currently not profitable, and only brought At regular market valuation, that would put Reddit's value at around $4.5 billion at best.
Reddit has also set aside roughly 1.76 million shares for certain users and moderators, known as Redditors, who want to participate in the IPO and have created their user accounts before Jan. 1.
Read at Social Media Today
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