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HomeFinanceReddit's IPO said to be 5 times oversubscribed, putting $6.5B valuation in...

Reddit’s IPO said to be 5 times oversubscribed, putting $6.5B valuation in reach

Reddit, Pinterest, Whatsapp and other Apple Apps on iPhone screen

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Reddit’s (RDDT) initial public offering is between four and five times oversubscribed, Reuters reported Sunday, citing people familiar with the matter. The demand for the shares likely will help the social media platform to reach its goal for a valuation of $6.5 billion.


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