Reddit’s IPO has begun with shares soaring 60% within minutes

Shares of social forum giant Reddit opened Thursday at $47 per share, then quickly soared to around $55, up about 60% in heavy volume 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 […] © 2024 TechCrunch. All rights reserved. For personal use only.

  Technology   Mar 21, 2024   0   38  Add to Reading List
Reddit’s IPO has begun with shares soaring 60% within minutes

Shares of social forum giant Reddit opened Thursday at $47 per share, then quickly soared to around $55, up about 60% in heavy volume 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 […]

© 2024 TechCrunch. All rights reserved. For personal use only.

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