After three years of waiting, the Reddit IPO was finally made live yesterday with the stock ticker RDDT. The IPO went live on the New York Stock Exchange with a Reddit IPO Price of $34 per share, which is at the higher end of the IPO range. The platform has set an expected price range of $31-$35, and the community has raised the price above expectations within a day. The successful launch of Reddit IPO is visible as the company shares have jumped by 48% in just a day.
This blog will cover details about the Reddit IPO Price and the reasons behind this successful launch.
Reddit IPO Price Performance
Reddit IPO scored a market cap of $9.5 Billion within just a day when the stock opened at $47 and surged to a high of $57.80. It is around a 70% increase, forming a peak for the day before falling to $50.44 and closing the day.
At this Reddit IPO price, the company valuation comes to $6.5 Billion, a difference of $3.5 Billion from its initial valuation goal of $10 Billion, set in 2021. Howeve
We współpracy z: https://coingape.com/trending/reddit-ipo-price-soars-heres-why/
