Reddit's Highly Anticipated US IPO Eyes $6.4 Bln Valuation

Amidst a significant gust of developments witnessed recently, Reddit, an American social news aggregation network, recently revealed that the firm is eyeing a valuation of up to $6.4 billion in its U.S. initial public offering (IPO), marking one of the most much-awaited stock market debuts this year. According to a report, the company, along with some of its key investors, aims to sell about 22 million shares, with prices ranging from $31 to $34 per share, nabbing significant attention among market traders and investors globally.