"Reddit" aims to evaluate $ 6.5 billion in its initial offer

‘Reddit Inc’ wants to achieve an evaluation of about $ 6.5 billion in the first year offer, according to a person familiar with the case. The person, who asked not to disclose his identity for the privacy of information, said that social media business plans to target a price range of $ 31 to $ 34 in the process of selling shares for the first time. He added that the value of “reddit” on this price range of approximately $ 6 billion will vary to $ 6.5 billion. Reddit is led by Morgan Stanley, Goldman Sachs, JB Morgan and Bank of America, according to the deposit papers with the US Securities and Exchange Commission. The informed person said that the details of the offer, including the size and timing, could change. Representatives of “Morgan Stanley”, “Goldman Sachs” “Waji Murghan” and Bank of America refused to comment. The price series was reported earlier by the Wall Street Journal, saying that “Reddit” intends to allow some employees to sell shares in the public subscription. From the early meetings with potential investors in the first public subscription, which should consider an evaluation of at least $ 5 billion.