The eyeball-grabbing debut will be a major test of the IPO market, where investors are seeing some green shoots, thanks to increasing bets of a soft landing.
Many of those investing in Trump Media are small-time investors either trying to support Trump or aiming to cash in on the mania.
A plethora of central banks made policy announcements in the wake of the Federal Reserve opting to hold interest rates steady. The [Swiss National Bank surprised investors by cutting its policy rate
Reddit's shares opened 38% above the initial public offering price in their debut on the New York Stock Exchange on Thursday, valuing the social media platform at $8.87 billion. The San Francisco, California-based company priced its IPO at the top end of the $31 to $34 range. The IPO valued Reddit at $6.4 billion, while the company and its selling shareholders raised $748 million. Reddit's long-awaited entry as a publicly traded company has been in the works for more than two years. It...
Reddit is ready to plumb high-stakes territory—the stock market. The
Reddit’s shares have opened 38 per cent above the initial public offering price in their debut on the New York Stock Exchange. The development values the social media platform at $US8.87 billion ($A13.50 billion). The San Francisco, California-based company priced its IPO at the top end of the $US31 to $US34 range. The IPO valued […]
r/WallStreetBets might not like Reddit's IPO, but so far the stock is doing well.
Eli Lilly and Company (NYSE:LLY – Get Free Report) shares traded down 0.4% during trading on Wednesday . The stock traded as low as $764.01 and last traded at $769.45. 372,471 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 3,296,368 shares. The stock had previously closed at […]
Platform to make its debut on the New York Stock Exchange on Thursday with
Redditors who took advantage of their privileged access to stock ahead of the IPO have seen Reddit share value rocket from $34 to $59.80 by yesterday’s close – an 86% increase. Early private investors have seen even greater returns, with OpenAI CEO Sam Altman seeing his own stake in the company grow from $200M to over $600M – and some analysts believe market confidence in the stock could be good news for the tech sector as a whole more
FedEx Corp. raises guidance and says it will continue to cut costs and trim
Reddit shares busted out of the gate Thursday, showing an immediate gain of more than 60% as the long-awaited initial public offering finally turned the social media site into a publicly traded company. Shares opened at $47 each—and quickly jumped to $55. The question is: Can the company hold (and build upon) those gains? Reddit has warned investors that there are a number of factors that could impact its stock. It’s not a profitable company and user bases are fickle things that could...