Reddit shares opened up about 38% in their first day of trading.
The public markets show an appetite for tech offerings with Reddit's successful IPO.
2024: The Year Reddit Grew Up
Reddit successfully transitioned to a publicly-traded company after 19 years, experiencing significant growth largely attributed to its first quarterly profit.
Some Longtime Reddit Moderators Possibly Got Quite Rich Today Following the Company's IPO
Reddit IPO shares soared 48% to $50.31, above the initial $34 price.
Reddit, founded in 2005, had never turned an actual profit, with cumulative losses of $717 million by December 2023.
Reddit Said to Price I.P.O. at $34 a Share, in a Positive Sign for Tech
Reddit priced shares at $34, showing strong investor demand for tech companies.
Reddit's IPO pricing a good sign for start-ups and venture capitalists.
Reddit Opens Up 38%, as Shares Begin Trading
Reddit shares opened up about 38% in their first day of trading.
The public markets show an appetite for tech offerings with Reddit's successful IPO.
2024: The Year Reddit Grew Up
Reddit successfully transitioned to a publicly-traded company after 19 years, experiencing significant growth largely attributed to its first quarterly profit.
Some Longtime Reddit Moderators Possibly Got Quite Rich Today Following the Company's IPO
Reddit IPO shares soared 48% to $50.31, above the initial $34 price.
Reddit, founded in 2005, had never turned an actual profit, with cumulative losses of $717 million by December 2023.
Reddit Said to Price I.P.O. at $34 a Share, in a Positive Sign for Tech
Reddit priced shares at $34, showing strong investor demand for tech companies.
Reddit's IPO pricing a good sign for start-ups and venture capitalists.
Justice Dept. Sues Apple, Smartphones and Children with Jonathan Haidt and Reddit's I.P.O.
The U.S. Department of Justice sued Apple for smartphone market monopoly. Jonathan Haidt links mental health issues to smartphones. Reddit's challenges post NYSE debut.