Reddit seeks $6 billion valuation with IPO

(CNN)– Reddit is getting ready to go public.

The social networking site revealed on Monday it expects to price shares between $31 and $34 dollars when it makes its initial public offering.

That is expected to take place sometime later this month.

Monday’s announcement gives potential investors additional information to evaluate if they want to buy stock in the company.

Reddit plans to offer 22 million shares of the company that will help it raise as much as $748 million.