Reddit Opens Up 38%, as Shares Begin Trading
Source: New York Times
Reddit shares opened up about 38 percent on Thursday in their first day of trading, in a sign of investor eagerness that set the stage for more tech companies to reach the stock market this year.Shares of the social media company began trading on the New York Stock Exchange at $47 after pricing at $34 on Wednesday in its initial public offering and continued to rise. The pop put Reddit’s market capitalization…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at New York Times