6.5B

IPO Oversubscribed: Reddit Expects $6.5B Valuation in Long-Awaited Debut

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New York, NY – Reddit’s highly anticipated initial public offering (IPO) is generating significant interest from investors, with reports indicating that the IPO is between four and five times oversubscribed. This oversubscription suggests strong demand for the company’s shares and could lead to a valuation of $6.5 billion. Despite the oversubscription, there is no guarantee that Reddit will have a successful stock market debut. However, industry sources believe that the company is likely to meet …

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**Oversubscribed Reddit IPO Aims for $6.5B Valuation, Will It Soar or Sink?**

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New York, NY – Reddit’s much-anticipated initial public offering (IPO) has garnered significant attention, with reports suggesting that it is oversubscribed by a factor of four to five. This social media platform, known for its forums where users share, discuss, and vote on content, is aiming for a $6.5 billion valuation in this IPO. Despite facing challenges in profitability compared to its competitors like Meta’s Facebook and X (formerly Twitter), Reddit’s IPO is expected to …

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