One of the largest forum sites in the world redditthe past months through the public offering process is the subject of our news. The company, which filed an official filing a few months ago, will be listed on the New York Stock Exchange in the coming hours.NYSE) will start trading. The latest news shows that Reddit will take an aggressive stance in the IPO process.

In a news story we recently shared with you, Reddit’s public offering process big interest since we mentioned. We also reported that Reddit management had a target of $31 to $34 per lot. The company has clarified this matter in its latest statement on the subject. Reddit management stated that the purchase price of the shares was a lot $34 announced that this would happen. In other words, the company will enter the stock market at the top of its target range.

Reddit has already raised $500 million!

Reddit’s decision to set the lottery ticket price as the highest of the target range prompted platform administrators to do so expectations are high It is a matter that reveals. This situation is already reflected in the figures. Because the platform has already raised $500 million. Reddit’s rating is $5.4 billion levels.

What will be the price of Reddit shares, which will be listed on the New York Stock Exchange under the code “RDDT”? already a matter of curiosity happened. Because Reddit’s IPO was one of the most anticipated IPO processes of 2024. Let’s see if the next few hours can live up to such high expectations…

*This content should not be considered investment advice.