Business Technology

Reddit IPO: Share sale values social media firm at $6.4bn

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Reddit has priced its shares at the top of a marketed range, valuing the social media platform at $6.4bn (£5bn).

It has raised $748m as it sells 22 million shares for $34 each, making it one of the biggest initial public offerings (IPO) by a social media firm.

The shares will start trading on the New York stock exchange on Thursday.

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