Shares of Reddit soared nearly 50 percent as the social media platform made its long-awaited stock market debut.
Investors pushed Reddit’s value close to $9bn after it began trading on the New York Stock Exchange on Thursday, with the company’s share price peaking at $57.80 before closing at $50.44.
Reddit, founded in 2005 by entrepreneurs Steve Huffman and Alexis Ohanian, had priced its initial public offering (IPO) at $34 a share.
Load More
Yorumlar
Kalan Karakter: