US EditionReddit Prices IPO at $34 a Share
- Reddit prices its IPO at $34 a share, with trading starting Thursday on the NY Stock Exchange under the symbol "RDDT."
- The market debut is likely to generate discussions on Reddit's platform and other social media sites.
- Reddit, known for its diverse online communities, is venturing into high-stakes stock market territory.
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A share issue (IPO) for the social network Reddit will take place this week and could give the company a market value of $6.4 billion.
The arrival of the U.S. community site on Wall Street on Thursday, March 21st, is expected to be one of the biggest introductions to the financial markets this year.
Reddit IPO Potential 'Watershed' Moment For Tech Industry, Says Wedbush's Dan Ives: Expects It To Hit $1B In Revenue Next Year - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)
Wedbush's Dan Ives thinks that the upcoming Reddit IPO has the potential to be a "watershed" moment for the tech industry.
Reddit debuta este jueves en Wall Street, valorada en casi 6.000 millones
Reddit, la popular plataforma estadounidense de foros, desembarcará este jueves en la Bolsa de Nueva York a un precio de 34 dólares por acción, el más alto de la horquilla de precios planteada en el folleto de la operación, lo que valora a la empresa en casi 6.500 millones de dólares (5.978 millones de euros). "Se espera que las acciones comiencen a cotizar en la Bolsa de Valores de Nueva York el 21 de marzo de 2024, bajo el símbolo RDDT", ha an…
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