Reddit shares soar on first day of public trading | Reddit
Social media platform Reddit (RDDT.N) Stocks closed the first day of trading up 48% in New York, suggesting that investor appetite for promising but money-losing companies’ initial public offerings (IPOs) may be returning. Reddit shares closed 48% above their initial offer price in the company’s trading debut on Thursday, valuing the social media platform at […]
Reddit shares skyrocket 38% above IPO price, valuing company at nearly $9B
Reddit shares opened 38% above their debut price on the New York Stock Exchange on Thursday, valuing the social media platform at $8.87 billion. The San Francisco-based company has priced its IPO at the high end of a range of $31 to $34. The IPO valued Reddit at $6.4 billion and raised $748 million for […]
Reddit IPO spikes, reigniting social media sector
Sarah Kunst, managing director at Creo Capital, talks about Reddit’s “unusual” IPO and Encyclopedia Britannica seeking $1 billion IPO valuation in “How to Make Money.” Reddit, best known for hosting forums where users can share, discuss and vote on content, received a warm welcome on Wall Street. The stock, which trades on the New York […]
Stock Market Today: Dow Jones Rises On Surprise Home Sales; Reddit IPO To Debut – Investor's Business Daily
Stocks rose in Thursday morning trading, with the Dow Jones Industrial Average rising to nearly 40,000 points and other major indexes hitting record highs.Meanwhile, the Department of Labor releases its first unemployment insurance claims and social media platforms reddit (RDDT) is expected to debut on the stock market today. X The Dow Jones Industrial Average […]
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 […]
Reddit prices IPO at $34 per share, sources say – CNBC
In this photo illustration, the Reddit logo is displayed on a smartphone. Mateusz Srodkowski | Sopa Images | Light Rocket | Getty Images Reddit, a 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, at the high end of its expected range, two people familiar with the […]
YouTube, Facebook, Reddit must face lawsuits from Buffalo shooting survivors
A New York judge has ruled that a handful of social media companies must accept a lawsuit from survivors of the 2022 Buffalo grocery store shooting that killed 10 people. An Erie Supreme Court judge has ruled that social media companies, including YouTube, Meta, and Reddit, should hold their own and many others accountable for […]
Reddit CEO addresses $193M compensation package
Sarah Kunst, managing director at Creo Capital, talks about Reddit’s unusual IPO and Encyclopedia Britannica seeking a $1 billion IPO valuation on Making Money. Reddit CEO Steve Huffman The $193 million fee was mentioned amid backlash from volunteer moderators on the social media platform as the company nears its initial public offering. Mr. Huffman answered […]
FTC probing Reddit plan to let AI firms use user-generated content to train software
The Federal Trade Commission (FTC) is investigating Reddit’s plan to have artificial intelligence (AI) companies use user-generated content to train its software, the social media company said. About filing Friday. The investigation comes just days before Reddit was scheduled to complete its initial public offering, which it filed for last month. According to an SEC […]