Reddit prices stock at top of target range in biggest social media IPO since Pinterest

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Go back to Reddit prices stock at top of target range in biggest social media IPO since Pinterest

Welcome to wallstreetbets: Reddit (RDDT) stock adds 48% in a blockbuster IPO debut

March 21, 2024 1:05 PM EDT

(Updated - March 21, 2024 4:34 PM EDT)

Reddit has made its long-awaited market debut Thursday, closing the day 48.4% higher.

Reddit priced its IPO at the top end of the $31 to $34 range, valuing the company at $6.4 billion.

The highly successful market debut is the latest sign of improving... More