Reddit filed to offer 22 million shares - including 15.3 million Class A common shares and 6.7 million shares from insiders like CEO Steve Huffman and COO Jen Wong - at between $31 and $34 per share.
At those terms, the IPO would raise between $682 million and $748 million, at a fully diluted valuation of between $5.8 billion and $6.4 billion. The proposed market cap would be between $4.9 billion and $5.4 billion.
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