Discover Reddit's journey from a social media giant to a publicly traded company on the NYSE!
Reddit, the popular social media platform known as the 'front page of the internet,' is making waves with its highly anticipated IPO on the New York Stock Exchange. Priced at $34 per share, the company raised a staggering $748 million, valuing Reddit at a remarkable $6.4 billion. With 22 million shares sold, Reddit aims to tap into the retail investor market and reward its dedicated users by going public.
The decision for Reddit to go public is not just about finances; the move symbolizes a significant milestone in the company's evolution. As Reddit lists on the NYSE under the ticker symbol RDDT, it positions itself for further growth and expansion, armed with a substantial bankroll to propel its business forward.
In a market dominated by tech giants, Reddit's IPO at the top end of the price range signals investor confidence in the platform's potential. As trading begins, all eyes are on Reddit's stock price, marking a historic moment for social media companies in the stock market.
Reddit's IPO not only brings a buzz to the financial world but also underscores the power and influence of social media platforms in shaping the market landscape. With its debut on the NYSE, Reddit solidifies its position as a key player in the digital realm, poised to make significant strides in the competitive tech industry.
Social media platform Reddit geared up for its high-profile market debut on the New York Stock Exchange on Thursday, setting the stage for other companies ...
Reddit and its existing shareholders sold 22 million shares at $34 a share, giving Reddit a valuation of about $6.4 billion. To tap retail investors, Reddit ...
The popular social media site Reddit lists as a stock on the New York Stock Exchange Thursday. Its ticker symbol? RDDT. Reddit plans to reward its users by ...
Social platform Reddit has priced its shares at the top of a market range, bringing the firm's value to $6.4 billion (€5.9 billion).
Reddit raises $748 million in its IPO, with stock to list Thursday · It also gives Reddit a bigger bankroll to grow its business, which finally turned a profit ...
Shares of Reddit, Inc. are expected to begin trading on the New York Stock exchange today in the first IPO for a social media company since 2019.
The IPO valued Reddit at US$6.4 billion and raised US$748 million for the company and its selling shareholders. Iklan. Reddit's ...
Reddit will start trading today on the NYSE and has been priced at $34, the top end of its price guidance range.
The social-media company makes its debut on the New York Stock Exchange on Thursday as it seeks a $6.4 billion valuation.
After pricing its shares at $34 each, Reddit is making its long-awaited stock market debut on Thursday morning. That gives the company — a social media ...
Site's listing has gained attention as first high-profile company to go public in an otherwise quiet market.
The company plans to publicly debut on March 21 and trade on the New York Stock Exchange under the ticker symbol RDDT. Reddit is planning an unusual offering, ...
Reddit is ready to plumb high-stakes territory—the stock market. The company priced its IPO at $34. Shares will begin trading on Thursday.
Reddit entered the public market on Thursday, betting that a wider swath of investors will buy into the 19-year-old social media company.
Shares of Reddit skyrocketed in the social media firm's first day on the New York Stock Exchange, as the most notable initial public offering of 2024 ...
Investors rallied around Reddit's initial public offering Thursday, driving the stock up over 60% in its market debut.
Reddit's (RDDT.N) shares opened 38 per cent above the offer price when they started trading on Thursday, valuing the social media platform at $8.87 billion ...
The Reddit IPO is priced at 34 per share, valuing the social media company at about $6.4 billion as it prepares to begin trading on the NYSE.
Reddit plans to sell more than 15 million shares of the newly public company while also setting aside stock for faithful users and moderators.
The company priced its IPO at $34 a share Wednesday and shares will begin trading Thursday on the New York Stock Exchange under the ticker symbol “RDDT.” The ...