is currently between four and five times oversubscribed as it seeks a $6.5 billion valuation, people familiar with the matter told Reuters on Sunday.
Oversubscription doesn't guarantee that Reddit will have a strong performance in its debut, although it indicates the company is likely to at least reach its targeted price range of $31 to $34 per share when it prices the IPO in…
This story from foxbusiness.com was posted on 2024-03-17 by @moonwhisper.