Reddit prices IPO at $34 per share, sources say

05:39pm, Wednesday, 20'th Mar 2024
Reddit has priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6.5 billion.
The social media company raised $748 million in the offering. Its shares begin trading on the New York Stock Exchange on Thursday.
Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, according to people familiar with the matter.

Reddit Prices IPO at $34 a Share

05:22pm, Wednesday, 20'th Mar 2024
The initial public offering was priced at the high end of its targeted range.
Reddit and its selling shareholders are guiding that they could price the social media company's initial public offering at the top of its marketed range or above, according to people familiar with th
Reddit's forthcoming IPO has raised the question of how the social-media platform makes money and plans to turn a profit.
Duncan Davidson, partner at Bullpen Capital, joins 'The Exchange' to discuss Reddit as the social media giant is going public this week, the company's path to profitability, and more.
Technology stocks abound on Wall Street. There is no shortage of tech stocks new and old.
Reddit's high-profile initial public offering (IPO) in the US will likely be priced at the top end, or even above, its marketed range, reports have said. Due to take place on Thursday, the IPO will se
Reddit and its bankers are guiding that they could price the social media platform's initial public offering (IPO) at the top of the indicated range or above, according to a source familiar with the m
Tom Sosnoff, tastylive CEO, joins 'Squawk Box' to discuss Reddit's upcoming IPO price target announcement, what to expect from the IPO, and more.
Reddit is inviting some users to participate in its IPO this week, but moderators told CNBC that they're not taking the company up on its offer.
Reddit's IPO is worrying for users – big money has a nasty habit of ruining our favourite sites
Reddit's looming IPO has thrust the company firmly into the spotlight, although Kamran Ansari, venture partner at Headline, expects the social-media platform to retain the quirkiness and edginess that
Reddit CEO Steve Huffman explained his $193 million compensation plan in response to a user's inquiry in a Q&A session with the platform's community ahead of Reddit's IPO.
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