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Reddit stock soared on its first day of trading, ending the day up nearly 50% from its initial public offering price of $34 a share.The stock closed at $50.44 on Thursday, up 48% from the IPO ...
Shares of social forum giant Reddit closed its first day of trading at $50.31, up nearly 48% from its IPO price of $34 per share.The company had indicated a target range of $31 to $34 per share in ...
Excluding employee stock options, the 19-year old company’s valuation will start at $5.4 billion, a far cry from its last private market value of $10 billion, set in August 2021, the top of the ...
Reddit’s IPO plans are coming into focus with a new S-1 filing released Monday morning that sets an initial price range for its stock at $31 to $34 per share.. If investors agree to pay its high ...
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
A bug tester leaked the tool to Reddit, where it went viral. [3] By March 2014, the company had 900,000 organic users. [4] Honey raised a $26 million Series C round, led by Anthos Capital in March 2017. [5] By January 2018, Honey raised a total of $40.8 million in venture backing. [6] On January 6, 2020, it was acquired by PayPal for about $4 ...
This includes Sam Altman, CEO of OpenAI, who will have 9.1% voting power after the Reddit IPO, while his shares (789,456 Class A and 11.4 million Class B) could be valued at $413.4 million if ...
The IPO price values Reddit at just under $6.5 billion. The sale’s underwriters also have the option to buy 3.3 million shares at the IPO price over the next 30 days.