Reddit stock closes up nearly 48% on its first day of trading
Shares of social forum giant Reddit closed its first day of trading at $50.31, up up nearly 48% from its IPO price of $34 per share. The company had indicated a target range of $31 to $34 per share in the run-up to its public-market debut, eventually settling on the top-end of that interval. Prices […] © 2024 TechCrunch. All rights reserved. For personal use only.
Shares of social forum giant Reddit closed its first day of trading at $50.31, up up nearly 48% from its IPO price of $34 per share. The company had indicated a target range of $31 to $34 per share in the run-up to its public-market debut, eventually settling on the top-end of that interval. Prices […]
© 2024 TechCrunch. All rights reserved. For personal use only.
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