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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 ...
Chief among them is Steven Huffman, Reddit’s cofounder and CEO, who plans to sell 500,000 shares. Huffman could make $17 million if the IPO prices at $34. He'll have 3.3% voting power after the ...
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 ...
4:35 PM PDT • March 20, 2024. Comment. Image Credits: TechCrunch. Reddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about ...
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 ...
The jump pushed the stock up at $63.64, within striking distance of the record closing price of $65.11 hit in late-March, putting the company on track to add $1.2 billion to its market capitalization.
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 ...