Reddit goes public: the latest updates on its IPO
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Reddit’s stock price nearly doubled in its first day as a public company.
It ended trading at roughly $50, which means the business is valued at about $9.5 billion. That’s quite a pop from the $34 that Reddit priced its shares at going into the IPO. As a result, everyone who bought in at that price— like Reddit power users — saw a nice gain today.
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