Reddit shares soar in stock market debut
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Reddit shares soar in stock market debut
STORY: Shares of Reddit soared above their $34 IPO price on Thursday, climbing as much as 70% above that level in their first hour of trading. \nThe California company priced its IPO at the top end of its range and its selling shareholders raised $748 million. \nReddit's long-awaited entry as a publicly traded company has been in the works for ...
2.8K viewsMar 21, 2024
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Social media platform Reddit's shares ended their first day of trading in New York up 48%, signaling that investor appetite for initial public offerings of promising yet loss-making companies could be returning https://reut.rs/494oaA4 | Reuters
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14K views · 91 reactions | Reddit has priced its IPO at $34 a share, the top of the expected range, according to two people familiar with the matter. | CNBC | Facebook
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