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Reddit ( RDDT) stock soared on its first day of trading, ending the day up nearly 50% from its initial public offering price of $34 a share. The stock closed at $50.44 on Thursday, up 48% from the ...
Reddit’s recent debut in the public market saw shares skyrocketing by 48% that day. ... While the average annualized stock market sits as 10.26% as of 2023, most of those returns have come from ...
Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. The 19-year-old website that hosts ...
The market debut is likely to spur a flurry of commentary on Reddit’s own platform, as well as competing social media outlets. The IPO will test the quirky company’s ability to overcome a nearly 20-year history colored by uninterrupted losses, management turmoil and occasional user backlashes to build a sustainable business.
It sets the stage for Reddit's shares to begin trading Thursday on the New York Stock Exchange under the ticker symbol “RDDT” in a debu Reddit poised to make its stock market debut after IPO ...
(Reuters) -Reddit's shares opened 38% above the offer price when they started trading on Thursday, valuing the social media platform at $8.87 billion in a closely watched debut that could set the ...
Jon Quast, The Motley Fool. May 17, 2024 at 9:47 AM. Shares of social media company Reddit(NYSE: RDDT) soared on Friday after the company announced a partnership with Microsoft 's OpenAI. As of 11 ...
Reddit is going public, having filed for an initial public offering (IPO) with the Securities and Exchange Commission on Feb. 22. This will be the first major tech IPO of the year and the first ...