Reddit aiming for $6.5B valuation in long-awaited IPO

NYSE President Lynn Martin gives her 2024 outlooks on IPOs, mergers and acquisitions, stock valuation and Fed trajectory. Reddit is targeting a $6.5 billion valuation in its forthcoming initial public offering (IPO), the social media platform revealed Monday. The company said in a Securities and Exchange Commission (SEC) filing it plans to raise up to $748 million in its public debut with…