The social media company’s debut on the New York Stock Exchange was one of the first major tech initial public offerings of the year.

Reddit shares opened up about 38 percent on Thursday in their first day of trading, in a sign of investor eagerness that set the stage for more tech companies to reach the stock market this year.

Archive link: Reddit Opens Up 38%, as Shares Begin Trading

  • SteefLem@lemmy.world
    132·
    9 months ago

    Its 50% up i just saw. But give it a few days and the thing will crash. Pump and dump. Old investors want there money back they already put in years ago, as soon as they got that… gone…

    • Coach@lemmy.worldEnglish
      92·
      9 months ago

      50% from what? It’s the first day. It opened at $47 and it’s at $50.16, at close. That’s not 50%.

      • SteefLem@lemmy.world
        91·
        9 months ago

        I opend my ticker app it says +50% didnt bother to look any further. That stock is just as full of air as trump

        Oh i just checked they use 34$ as start price

        • Coach@lemmy.worldEnglish
          3·
          9 months ago

          So weird. TradingView shows $47 at open, a high of $57.80 and a low of $45.05.

          • SteefLem@lemmy.world
            4·
            9 months ago

            I think they or this ticker includes the pre buyin stocks price that “loyal” reddit users could buy So that 50% up from that close not today or somehing.