It was stated that Reddit’s public offering process will encounter an interest that exceeds expectations. According to sources, the company will easily meet its IPO targets.
One of the largest forum sites in the world reddit, has been on the agenda for a long time with the issue of going public. The company said this dozens of times, but the concrete step was finally taken last month. According to the special news shared by Reddit, Reddit’s public offering process, exceeding expectations will host a performance.
Reddit management is in the public offering process $6.5 billion Valuation pending. This amount is really high. However, according to industry analysts, it is not impossible. Because, according to Reuters, the application for Reddit’s public offering process exceeded expectations. 4-5 times more. This reveals that Reddit is not far away from a valuation of $6.5 billion.
Reddit stock lots will be in the $31 to $34 range
Reddit management is in the public offering process $31 to $34 It has a price target per lot in the range. This price; Tesla’s $163 is considerably lower than Microsoft’s share lot price of $416. However, according to industry analysts, this is not a problem because Reddit will be traded at these amounts when it goes public. So the company will reach his goal.
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