(Bloomberg) -- Reddit Inc.’s initial public offering is between four and five times oversubscribed, Reuters reported, citing people familiar with the matter.
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That signals that the company is poised to at least reach its targeted price range of $31 to $34 per share when the IPO prices in New York on Wednesday, Reuters said.
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Read more: Reddit Sees More Than 20% Sales Growth in 2024 as IPO Looms
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