reddit ipo

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…

Social media platform Reddit's market debut on Thursday ended a more than two year-long wait but shifts the focus to how it will compare with the other publicly listed peers.Despite its cult-like status, the company has failed to replicate the success of Meta Platforms' Facebook and Elon Musk's X. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk…

Reddit's shares opened 38% above the initial public offering price in their debut on the New York Stock Exchange on Thursday, valuing the social media platform at $8.87 billion.The San Francisco, California-based company priced its IPO at the top end of the $31 to $34 range. The IPO valued Reddit at $6.4 billion, while the company and its selling shareholders raised $748 million. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science &…

Reddit is the solution to many of life’s minor problems. Need fan theories about the finale of True Detective: Night Country? Go on Reddit. Recently moved to a new city and want to join a running club? Reddit awaits. The so-called front page of the internet is a massive multiverse of message boards, boasting over 100,000 distinct communities. As some of its 73.1 million active daily users like to say, there’s a subreddit for almost anything. (Literally, in fact.) So, perhaps the solution to the problem of Reddit needing…

Reddit shares busted out of the gate Thursday, showing an immediate gain of more than 60% as the long-awaited initial public offering finally turned the social media site into a publicly traded company.Shares opened at $47 each—and quickly jumped to $55. The question is: Can the company hold (and build upon) those gains?Reddit has warned investors that there are a number of factors that could impact its stock. It’s not a profitable company and user bases are fickle things that could disappear without a lot of warning. But…

Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory - the stock market.The company said Wednesday that it had priced its IPO at $34 a share. Shares will begin trading today on the New York Stock Exchange under the ticker symbol "RDDT" in a market debut likely to spur a flurry of commentary on Reddit's own platform, as well as competing social media outlets.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and…

Listen here or wherever you get your podcasts. Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Weekend team, we have something both short and sweet for you: A dig into the Reddit IPO filing that came out just after we recorded our final, regular episode of the week. Since we could not wait until Monday to talk about the numbers, we have an overview here for your delectation. If you want to read along: The Reddit IPO could be this…

OpenAI chief Sam Altman might rake in over $400 million from the upcoming initial public offering (IPO) of online conversation and discussion platform Reddit. But, that’s only if Reddit can achieve a valuation of $5 billion. According to Bloomberg estimates, Altman is the third-largest shareholder in Reddit owning an 8.7% stake comprising 789,456 Class A shares and 11.4 million supervoting Class B shares. If Reddit hits the $5-billion valuation in the IPO, Altman’s stake would be valued at about $435 million. Elevate Your…

Listen here or wherever you get your podcasts. Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Mary Ann, Kirsten and Alex gathered to chat through a massive sheaf of news. A note before we get to the rundown: Reddit filed to go public after we recorded this episode, so we didn’t get to talk about its IPO in this episode. We’ll definitely discuss its S-1 filing in due time, so make sure to tune in again! Here’s the…

Reddit’s long-awaited IPO is nearing, promising to be the largest social media IPO since Pinterest. But in the company’s S-1 filing, Reddit fails to fully address the complications that arose from changes to its developer platform and API pricing, which late last year led to site-wide protests, communities going dark, site stability issues, and traffic declines as moderators and Reddit users alike protested how the company was putting popular third-party apps out of business with its increased API fees. Nor does it…