Reddit, Tyler Le/BI
- Reddit priced its initial public offering Wednesday at $34 a share.
- The offering values the social media company at around $6.4 billion.
- Shares will start trading under the ticker "RDDT" on Thursday.
Reddit priced its hotly anticipated initial public offering at $34 a share on Wednesday, raising $748 million and valuing the social media site at around $6.4 billion.
The pricing is at the high end of the $31-$34 range the company had been targeting. The shares will begin trading on the New York Stock Exchange under the ticker "RDDT" on Thursday.