Reddit share sale values firm at $6.4bn | BBC News

Reddit has priced its shares at the top of a marketed range, valuing the social media platform at $6.4bn (£5bn). It has raised $748m as it sells 22 million shares for $34 each, making it one of the biggest initial public offerings (IPO) by a social media firm. The shares will start trading on the New York stock exchange on Thursday. In an unusual move the company offered some of the shares to the platform's users, although it has not been disclosed how many took up the offer. Subscribe here: http://bit.ly/1rbfUog For more news, analysis and features visit: www.bbc.com/news #Reddit #Shares #BBCNews