NYSE

The share price of social media company Reddit was up nearly 50% on the New York Stock Exchange Thursday in a stellar market debut that has given hope to the companies gearing up to go public.Shares of the San Francisco-based company debuted at $47 on the New York Stock Exchange on Thursday, up from the IPO pricing of $34, the top of the company's indicated price range. The stock closed at $50.44.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and…

Update: Thursday, 2 p.m.:Shares of Reddit jumped in their trading debut on the New York Stock Exchange on Thursday, opening at $47 and rising to as high as $57.80 in midday trading. The stock was priced at $34 a share for the company’s much-anticipated IPO, which was already at the top of Reddit’s expected range.Original story:After months of anticipation, shares of Reddit, Inc. are expected to begin trading today. The company’s initial public offering will be the most closely watched IPO of 2024 yet. It’s the most…

Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024.Jeenah Moon | Bloomberg | Getty ImagesAmer Sports, the Finnish athletic company behind the Wilson tennis racket and Arc'teryx, is set to start trading on the New York Stock Exchange on Thursday after raising about $1.37 billion in an initial public offering and pricing its shares at a discount. The company, which will trade under the symbol AS, sold 105 million shares at $13 each. It had originally expected to offer 100…

FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings.It's a secondary listing for the international sportsbook, which will retain its primary listing on the London Stock Exchange and included in the FTSE 100 index.But Flutter's most important market for revenue and growth is the United States, where FanDuel is the market share leader. In the fourth quarter, FanDuel had 43% market share based on gross revenue and…

Music streaming giant Spotify was on Tuesday fined $5.4 million (roughly Rs. 40 crore) for not properly informing users on how data it collected on them was being used, Swedish authorities said.Spotify said it planned to appeal the decision.The Swedish Authority for Privacy Protection's (IMY) said it had reviewed "how Spotify handles customers' right of access to their personal data." "As a result of the shortcomings identified, IMY is imposing a fine of SEK 58 million (roughly Rs. 40 crore) on the company," the authority…

The Comics Contraction of ’23 continued today as IDW announced it is being delisted from the NYSE, making large changes in senior management and laying off 39% of its workforce as part of “cost cutting measures.” The moves come after months of losses for the company in most business sectors, as reported in SEC filings. IDW stock opened at $0.82 cents but plunged to $0.47 as the announcement circulated.  Among the personnel changes: Davidi Jonas, the son of principal IDW owner Howard Jonas, is replacing Allan Grafman as…

<!----> Lotus Eletre electric hyper SUV Zhejiang Geely Holding Group said it planned to list the Lotus Technology division of Group Lotus on the New York Stock Exchange (NYSE) this year after it was merged with a special purpose acquisition company (SPAC), according to reports in China.…

Around two-thirds of deal conversations with clients now are related to reducing costs amid macroeconomic uncertainties, which is a complete contrast to the situation in the last three years, said the chief executive at Genpact, one of the world’s top business process management (BPM) companies. Till about six to seven years ago, up to 70% of the BPM client spending would be skewed towards cost saving with the remaining going into growth, risk and resilience management solutions. Over the last three years, this equation…

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Happy Friday! Haje is enjoying some down time on the East Coast, so I am running solo. As you can see from the not-so-surprising move by Elon Musk last night and the sheer number of Twitter stories from our fabulous consumer tech team today, it has been all Twitter, all day. We promise to give you a little bit of that, of course, and a little of what else we’ve…

Twitter shares will be suspended from trading on Friday, the New York Stock Exchange's website showed, as billionaire Elon Musk faces a court-ordered October 28 deadline to close his $44 billion (roughly Rs. 3,62,100 crore) deal for the social media platform. Musk, the world's richest person, visited Twitter's headquarters in San Francisco on Wednesday and hinted he was the company's top boss after updating his profile bio to "Chief Twit". The deal's completion would mark an end to a lawsuit by Twitter, which, along with…