Social media company Reddit plans to raise up to $748 million in an upcoming IPO at a $6.5 billion valuation, selling about 22 million shares at $31 to $34 each, CNBC reported. Additionally, Reddit has reserved approximately 1.76 million shares for select users and moderators with no lock-up period. Reddit filed an IPO prospectus in February and plans to list on the New York Stock Exchange under the ticker RDDT in what would be the first big tech IPO this year.