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Reddit’s recent debut in the public market saw shares skyrocketing by 48% that day. At its debut in March, Reddit’s IPO started at $34 per share, after reaching a high of $50.44 at close of ...
March 21, 2024 at 10:43 AM. By Niket Nishant. (Reuters) -Reddit's shares opened 38% above the offer price when they started trading on Thursday, valuing the social media platform at $8.87...
By Siddarth S. (Reuters) -Top Wall Street brokerages, whose investment banking units helped Reddit prepare for its public issue, started coverage of the social media company with doubts over its ...
Zazzle. Zazzle is an American online marketplace that allows designers and customers to create their own products with independent manufacturers (clothing, posters, etc.), as well as use images from participating companies. Zazzle has partnered with many brands to amass a collection of digital images from companies like Disney, Warner Brothers ...
At $34 a share, Reddit’s market cap could reach $5.4 billion, a little more than half of the $10 billion valuation it snagged in 2021 when a surge in tech deals inflated values across the ...
Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion after the social media platform's initial public offering was priced at $34 per share. The price ...
Short sellers aim to profit by selling borrowed shares and buying them back later at a lower price. On Wednesday, Reddit shares fell 12% to $56.91, snapping a two-day streak of gains. In its ...
March 26, 2024 at 3:42 PM. Reddit became synonymous with the meme stock rally of 2021. Now, its stock has become a meme itself. Reddit stock ( RDDT) popped more than 12% on Tuesday and has rallied ...
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 had confidentially filed to go public in Dec. 2021, though those plans never came to fruition when the market retreated in 2022. A Reddit spokesperson declined to comment for this story.