06:02 AM EDT, 03/21/2024 (MT Newswires) -- Reddit ( RDDT ) said late Wednesday it priced its initial public offering of 22 million shares at $34 apiece, at the top end of its targeted range of $31 to $34 per share.

The company said its shares will begin trading Thursday on the New York Stock Exchange under the ticker symbol "RDDT."

Reddit ( RDDT ) said about 15.3 million shares are being sold by the company and around 6.7 million by certain selling stockholders. The company will not receive any proceeds from the sale by stockholders.

Reddit ( RDDT ) granted the underwriters a 30-day option to purchase up to 3.3 million additional shares, it said.