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Reddit shares end trading up 48% in market debut
Social media platform Reddit's shares ended their first day of trading in New York up 48%, signaling that investor appetite for initial public offerings of promising yet loss-making companies could be returning.
Reddit aims to raise $748M in planned IPO
Media platform Reddit and its investors are seeking to raise as much as $748 million in its initial public offering, Bloomberg News reported on Sunday.
Reddit seeks up to $6.5B valuation in IPO, source says
Media platform Reddit is eyeing a valuation of up to $6.5 billion in its initial public offering, two people with the matter told Reuters on Friday, far less than what it was worth a few years ago.
March 1, 2024 | 07:51 pm PT
Reddit aims for IPO in second half of 2023
Social media platform Reddit Inc is looking to go public later this year, likely in the second half, the Information reported on Tuesday, citing people familiar with the matter.
February 14, 2023 | 07:19 pm PT
Vietnamese artist's Reddit account banned for alleged use of AI
A Vietnamese artist said his Reddit account has been banned following accusations one of his artworks was AI-generated.
January 10, 2023 | 08:25 pm PT