This week, as Reddit began a roadshow to appeal to potential investors, the hurdles it faced were apparent. The company said it was aiming to raise up to $748 million in its offering, selling about 22 million shares at $31 to $34 each, according to a filing. That would put its valuation at around $6.4 billion, below the $10 billion valuation it fetched in 2021 during a private round of financing.
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