(Bloomberg) -- Reddit Inc.’s initial public offering is between four and five times oversubscribed, Reuters reported, citing people familiar with the matter.
That signals that the company is poised to at least reach its targeted price range of $31 to $34 per share when the IPO prices in New York on Wednesday, Reuters said.
Read more: Reddit Sees More Than 20% Sales Growth in 2024 as IPO Looms
More stories like this are available on bloomberg.com
©2024 Bloomberg L.P.
Add us to your Preferences
Set as your preferred source on Google
ADVERTISEMENT
RECOMMENDED FOR YOU
Bengaluru Bachelor Fined Rs 5,000 By Housing Society For Allowing Two Girls To Stay Overnight
Google Home Owners Are Using A URL Hack To Activate Gemini On Devices: What Is It?
Employee Earning Rs 70 LPA Gets Pink Slip — Internet Goes Crazy On 'Brutal Job Market' Post
Rich Habits vs Poor Habits: Daily Money Practices That Matter
POPULAR
1
India, Russia Ink Protocol On Pre-Arrival Information Exchange For Goods, Vehicles
2
Maharashtra To Implement AI-Driven Digital Twin For Sustainable Energy, Says Fadnavis
3
IndiGo Flight Cancellations Updates: DGCA Directs Airline To Submit Detailed Roadmap On Crew Recruitment
4
Asim Munir Formally Appointed Pakistan's First Chief Of Defence Forces
5