(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.
ADVERTISEMENT
RECOMMENDED FOR YOU
'Don't Have To Go To Office Anymore': Delhi Man Reveals How He Earns Rs 1.6 Lakh A Month After Job Loss
Jul 14, 2025
Man Retires At 45 With Rs 4.7 Crore From Simple Job And SIPs, Viral Reddit Post Leaves Users In Awe
Jul 11, 2025
Supreme Court Junks HDFC Bank CEO's Plea Challenging FIR By Lilavati Trust
Jul 04, 2025
Hero Motors Re-Files Draft IPO Papers, This Time For Rs 1,200-Crore Issue
Jul 01, 2025
POPULAR
1
Trump Diagnosed With Vein Disease Tied To Swollen Ankles
2
Bajaj Auto Subsidiary To Raise Rs 5,000 Crore Through NCDs
3
HAL Receives First Set Of Wing Assemblies For Tejas LCA From L&T
4
Kinetic Green, Tonino Lamborghini Join Hands To Enter e-Carts Business; Eye $1 Billion Turnover In 10 Years
5