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Reddit shares soar on first day of public trading

Reddit shares soar on first day of public trading

6 months ago
Anonymous $6hYC3Wwiad

https://www.theguardian.com/technology/2024/mar/21/reddit-stock-price-ipo

Company stock price climbed nearly 70% from its IPO, with Condé Nast’s parent company standing to make nearly $1.4bn

Social media platform Reddit’s (RDDT.N) 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.

Reddit shares soar on first day of public trading

Fri Mar 22, 9:20am UTC
https://www.theguardian.com/technology/2024/mar/21/reddit-stock-price-ipo > Company stock price climbed nearly 70% from its IPO, with Condé Nast’s parent company standing to make nearly $1.4bn > Social media platform Reddit’s (RDDT.N) 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.