News@lemmy.world · 8 months ago

Reddit prices IPO at $34 per share, sources say

www.cnbc.com

cross-posted to:
socialmedia@hilariouschaos.com

108

Reddit prices IPO at $34 per share, sources say

www.cnbc.com

return2ozma@lemmy.world to

News@lemmy.world · 8 months ago

cross-posted to:
socialmedia@hilariouschaos.com

Reddit has priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6.5 billion.

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Trebach@kbin.social
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8 months ago
I see it following the same trend as other social media IPOs. Line goes up for a bit and then down way below the initial IPO price after a few weeks.

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