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Reddit prices shares at top end of IPO range – Financial Times

Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Social media company Reddit priced its stock at $34 ahead of a scheduled public offering in New York on Thursday, the highest level of its stock price guidance to date, giving it a fully diluted valuation of […]

Reddit prices IPO at top of indicated range to raise $748 million

Social media platform Reddit on Wednesday priced its initial public offering at the high end of its target range of $31 to $34 per share, raising $748 million and providing a much-needed boost to the sluggish technology IPO market. brought about change. The IPO sold 22 million shares by the company and existing shareholders at […]

Naomi Campbell creates clean-cut Boss range with nod to her germophobia | Naomi Campbell

Naomi Campbell’s affinity for looking good while staying germ-free is no secret, as she was once photographed wearing a hazmat suit and a $3,000 Burberry lambswool scarf at the airport. But now she Debut collection of fashion brand “Boss” It features items with an anti-bacterial finish, an ironic nod to Campbell’s germaphobia. The supermodel has […]

30-year mortgage rate stabilizes in 6.6% range, draws buyers back: Freddie Mac

With mortgage rate volatility subdued, buyers are finding a reason to get back into the housing market. (iStock) Mortgage rates rose slightly this week, but have remained steady at 6.6% in recent weeks, giving borrowers an incentive to get back into the housing market, Freddie Mac said. The average interest rate on a 30-year fixed-rate […]

Here's why Bitcoin bulls are failing to shift the $42K BTC price range – Cointelegraph

Bitcoin (BTC) remains below $43,000 this week, with even institutional purchases having little impact on the market. BTC/USD 4-hour chart. Source: TradingView Liquidity constrains Bitcoin bulls Cointelegraph Markets Pro and TradingView It has been confirmed that the price trend of BTC has been concentrated in a narrow range for 7 consecutive days. Bitcoin has been […]