Reddit, one of the most eagerly awaited IPOs this year, is targeting a valuation of up to $6.5 billion according to a Wall Street Journal report. Editor's note: This article was written by Angel SmithVideo Transcript[AUDIO LOGO]MADISON MILLS: We've got some new details on the first big IPO of the year, Reddit. The Wall Street Journal reporting the company is eyeing a valuation of up to $6.5 billion in its market debut. And the fact that Wall Street bets is kind of a risk, but also definitely power users for Reddit. I'm wondering what that's going to mean in terms of the IPO day.

Source: Wall Street Journal March 01, 2024 21:39 UTC