(Bloomberg) Reddit Inc. and its investors are seeking to raise as much as $748 million in what would be one of the biggest initial public offerings so far this year, according to people familiar with the matter.Most Read from BloombergThese Are the Best Countries for Wealthy ExpatsOne of the Most Infamous Trades on Wall Street Is Roaring BackSlow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsBond Investors Are Lining Up to Fund the War Against PutinThe social media platform
Reddit and some of its current shareholders plan a sale of 22 million shares for $31 to $34 each, seeking a valuation of as much as $6.5 billion in the listing, sources told Bloomberg News.