Reddit set for NYSE debut after IPO

By Agence France-Presse

Mar 22, 2024 12:21 am

NEW YORK CITY: The Reddit social network was set to make its trading debut on Thursday after pricing robustly in an initial public offering (IPO) that suggested greater investor enthusiasm for new stock issuers.

Reddit is set to debut on Thursday on the New York Stock Exchange (NYSE) under the ticker RDDT after an IPO priced at $34 a share, the company said Wednesday in a statement, which would value the platform at around $6.4 billion.

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