Reddit, the popular social media platform, is set to make a significant move in the financial world with its initial public offering (IPO) priced at $34 per share, offering 22,000,000 shares. This pricing places the company's valuation at approximately $6.4 billion. The IPO has generated considerable interest, marking the first major social media company to go public since Pinterest in 2019. Reddit's decision to go public is seen as a welcome end to the IPO winter, particularly for tech investors and journalists who have been eagerly anticipating more activity in the tech IPO space. Despite skepticism from some quarters regarding the company's AI pitch, its profitability, and its executives' $283M compensation in 2023, the IPO has raised $748 million. This move is not only a test of investor confidence in Reddit's business model, which boasts 86% gross margins and 73M daily active users, and future growth prospects but also a significant event for the technology IPO market, which has been quiet in recent times.