Reddit IPO: Valuation target likely, but profitability still a concern

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Reddit's IPO will make its debut on the New York Stock Exchange on Thursday with the ticker RDDT. The company's target valuation is $6.4 billion, with shares...

Reddit's IPO will make its debut on the New York Stock Exchange on Thursday with the ticker RDDT. The company's target valuation is $6.4 billion, with shares estimated to cost between $31 and $34. According to a report fromCanadian retirees can consider supplementing their CPP payouts by investing in blue-chip dividend stocks such as RBC. The post Here’s the Average CPP Benefit at Age 70 appeared first on The Motley Fool Canada.

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Reddit’s IPO as much as five times oversubscribedThe oversubscription means the company is poised to at least reach its targeted price range of $31 to $34 per share in its IPO in New York on Wednesday
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Reddit’s IPO as much as five times oversubscribed, sources saySocial media company is likely to attain the $6.5-billion valuation it seeks
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