Reddit soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange.
Reddit, which priced its IPO at $34 a share, debuted Thursday afternoon at $47 a share. At the close of trading, it was up 48% at $50.44.
More here: https://scrippsnews.com/stories/reddit-the-self-anointed-front-page-of-the-internet-soars-in-debut/
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Reddit, which priced its IPO at $34 a share, debuted Thursday afternoon at $47 a share. At the close of trading, it was up 48% at $50.44.
More here: https://scrippsnews.com/stories/reddit-the-self-anointed-front-page-of-the-internet-soars-in-debut/
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Join our newsletter at https://bit.ly/2q1tepr
Follow us on Facebook: https://www.facebook.com/scrippsnews/
Follow us on Twitter: https://www.twitter.com/scrippsnews
Follow us on Instagram: https://www.instagram.com/scrippsnews/
Follow us on TikTok: https://www.tiktok.com/@scrippsnews