Reddit's initial public offering (IPO) has generated significant interest, with reports indicating that the IPO is between four and five times oversubscribed. This high demand suggests that Reddit is likely to achieve its targeted valuation of $6.5 billion. The company, which owns Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC) according to its IPO filing, aims to raise up to $748 million through the offering of 22,000,000 shares. A portion of the shares, 8%, is reserved for Reddit's user base, highlighting its community-driven model. The IPO is set to price within a range of $31 to $34 per share, with the final pricing expected to be at the top of this range or even above, reflecting strong investor interest despite the company's past losses. The IPO is estimated for Thursday, with a potential valuation of $6.4 billion.