TechFlow reported, according to CNBC, a corporate filing submitted on Monday revealed that Reddit plans to raise up to $748 million in its upcoming IPO. The company intends to sell approximately 22 million shares priced between $31 and $34 per share.
Investors are closely watching Reddit's forthcoming IPO, which will be the first major tech stock offering of the year and the first social media IPO since Pinterest went public in 2019.
Previous report, Reddit has filed its IPO application, disclosing that it holds small amounts of BTC, ETH, and MATIC on its balance sheet.
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