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Last week was the busiest for U.S. and European IPOs since September, with $5.5 billion raised.

(Bloomberg) -- Reddit Inc. and its investors are seeking to raise as much as $748 million in what would be one of the biggest initial public offerings so far this year, according to people familiar with the matter.Most Read from BloombergThese Are the Best Countries for Wealthy ExpatsOne of the Most Infamous Trades on Wall Street Is Roaring BackSlow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsBond Investors Are Lining Up to Fund the War Against PutinThe social media platform

The company seeks a valuation of as much as $6.5 billion after being valued at $10 billion last year.

Reddit and some of its current shareholders plan a sale of 22 million shares for $31 to $34 each, seeking a valuation of as much as $6.5 billion in the listing, sources told Bloomberg News.

Reddit IPO: The IPO will be led by Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Bank of America Corp.

Reddit is seeking up to $748 million in a high-profile initial public offering (IPO) that is expected to be one of the largest so far this year.

Reddit disclosed further details of what is set to be one of the year’s biggest initial public offerings. Read more

Reddit Inc. and its investors are seeking to raise as much as $748 million in what would be one of the biggest initial public offerings (IPO) so far this year, according to people familiar with the matter. The social media platform and some of its current shareholders plan a sale…

About 8 percent of the shares in the IPO are being set aside for Reddit users and moderators who created accounts before Jan. 1.

Reddit disclosed further details of what is set to be one of the year’s biggest initial public offerings. Read more