Reddit to raise ~$748M in IPO, but may become a 'meme' stock as Redditors can sell shares immediately | TechCrunch

Reddit says it's planning to sell around 22 million shares, priced between $31 to $34, potentially raising around $748 million at the high end of that range.

By allowing the Reddit community to buy into the IPO, there's again potential for the stock to be manipulated - this time, possibly in Reddit's favor - by Redditors' collective action.

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