Search results
Results from the Tech24 Deals Content Network
March 21, 2024. 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 ...
Marina Temkin. March 20, 2024. Reddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company’s IPO on Thursday. The ...
Alex Wilhelm. March 11, 2024. 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 ...
Screengrab via CNBC. Nineteen years after its debut, Reddit is now a publicly traded company. It was listed on the New York Stock Exchange as RDDT for the first time on Thursday, with mascot Snoo ...
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 ...
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 ...
Reddit stock moved higher after giving a better-than-expected Q2 forecast for sales and profit metrics. Many strategists argue that the long-term growth story for Reddit is in artificial ...
Other outlets reported Reddit would raise up to $748 million at a valuation of nearly $6.5 billion. However, the company is selling 15 million shares — only a portion of that 22 million — to ...