(RDDT) starts trading on NYSE

(RDDT) starts trading on NYSE

Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. Reddit and selling … Read more

Big week for tech IPOs like Reddit boosts Morgan Stanley after lull

Big week for tech IPOs like Reddit boosts Morgan Stanley after lull

The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®. NYSE Wall Street’s tech IPO bankers may finally have a reason to break out the champagne after an extended drought was broken up this week with the market debuts of … Read more

Redditors bank millions as a group on stock’s opening day

Big week for tech IPOs like Reddit boosts Morgan Stanley after lull

Reddit power users who participated in the company’s IPO made millions of dollars as a group in profits after the stock’s big jump in its first day on the market. While Redditors interviewed by CNBC ahead of the offering said they were skipping out on the IPO due to concerns about the business and the … Read more