Sources: Reddit plans to target a price range of $31 to $34 a share in its IPO, which would give the company an equity value of around $6B to $6.5B (Corrie Driebusch/Wall Street Journal)

Corrie Driebusch / Wall Street Journal:
Sources: Reddit plans to target a price range of $31 to $34 a share in its IPO, which would give the company an equity value of around $6B to $6.5B  —  The social-media company was valued much higher a few years ago.