March 20 (Reuters) - Social media platform Reddit

priced its initial public offering at the top of its

targeted range of $31 to $34 per share on Wednesday, according

to people familiar with the matter.

The IPO priced at $34 a share, raising $748 million based on

22 million shares sold by the company and its existing

shareholders. This infers a valuation of about $6.4 billion on

Reddit.

The sources requested anonymity because the matter is

confidential. Reddit did not immediately respond to a request

for comment.