"Redit" subscription is at the maximum limit ... and the company increases $ 748 million

‘Reddit’ and its shareholders raised $ 748 million through shares in the first public offer at the top of the marketing scope marketed, according to people familiar with the matter. The people who asked not to disclose their identity for the privacy of information sold the social media platform, along with senior managers and other employees, 22 million shares for $ 34 a share. The shares were marketed in the public subscription at a price of between $ 31 and $ 34. Reddit’s actor refused to comment on the matter. The Wall Street Journal has previously published a report on subscription prizes. The public subscription is led by “Morgan Stanley”, “Goldman Sachs”, “JP Morgan” and “Bank of America”, according to Redit’s deposits, and Redit’s stock trading Thursday will begin on the New York Stock Exchange under the code “RDDT”.