Reddit (RDDT) is gearing up for Thursday's highly anticipated debut on the New York Stock Exchange. The IPO has garnered significant investor interest, marking the first social media company to go public in nearly five years. The company has set an ambitious valuation of $6.4 billion, with shares expected to commence trading within a range of $31 to $34 per share.
Yahoo Finance's Josh Schafer and Ines Ferré break down the details, providing insight into Reddit's financial performance and the pressure to become an AI play.
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Yahoo Finance's Josh Schafer and Ines Ferré break down the details, providing insight into Reddit's financial performance and the pressure to become an AI play.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
