Reddit aims to raise $748 million in its planned IPO, Bloomberg News said. By Reuters

© Reuters. FILE PHOTO: The Reddit logo is visible in this picture taken on November 7, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – Media platform Reddit and its investors are seeking to raise up to $748 million in an initial public offering (IPO), Bloomberg reported on Sunday.

Bloomberg News, citing sources familiar with the matter, reported that the company plans to sell 22 million shares at $31 to $34 per share.