Reddit goes public: the latest updates on its IPO
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Reddit shares jumped as much as 70 percent in their NYSE debut before dropping back.
Reddit (RDDT) is officially open for trading. According to CNBC, Reddit and selling shareholders raised about $750 million from the IPO.
With its current share price of $48, the 19-year-old website now has a market cap of $7.6 billion as it pursues business growth via “advertising, monetizing commerce on the platform, and licensing data.”
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