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Reddit Inc. signage is seen on the New York Stock Exchange trading floor, prior to Reddit IPO. ... lifted their price targets for Reddit stock to as high as $120 following its earnings report.
The targeted valuation, on a fully diluted basis, is less than the $10 billion Reddit was valued at after a fundraising in 2021. Reddit targets up to $6.4 billion valuation in much-awaited US IPO ...
By contrast, however, shares of Reddit (NYSE: RDDT), which debuted on the stock market in March 2024, advanced 262%, and are up another 18% so far in 2025. I predict that in 2025, Reddit will once ...
A meme stock is a stock that gains popularity among retail investors through social media. [1] [2] [3] The popularity of meme stocks is generally based on internet memes shared among traders, [4] on platforms such as Reddit's r/wallstreetbets. [5] Investors in such stocks are often young and inexperienced investors. [6]
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
Reddit stock soared on its first day of trading, ending the day up nearly 50% from its initial public offering price of $34 a share.The stock closed at $50.44 on Thursday, up 48% from the IPO ...
Reddit's initial public offering opened on March 20, 2024, at $34 per share and a $6.4 billion valuation. [85] They went public the next day on the New York Stock Exchange at $47 per share and rose to $50.44 at market close on their first day of trading, reaching a market cap of $9.5 billion. [86]
Reddit, along with some existing stockholders, plans to offer 22 million shares of the company’s Class A stock, meaning the IPO could raise as much as $748 million from those shares, according ...