The deal's greenlight arrives at a time the presumptive Republican presidential nominee is facing his most costly
Nineteen years after its debut, Reddit is now a publicly traded company. It was listed on the New York Stock Exchange as RDDT for the first time on Thursday, with mascot Snoo on hand to ring the opening bell. The company aimed to sell 15.3 million shares at $34 a pop to raise around $519.4 million. Stockholders collectively planned to sell 6.7 million shares in the IPO for a total of $228.6 million (Reddit itself wouldn't see any of that money though). The IPO price values Reddit at just under...
Donald Trump’s social media company could go public as soon as next week, paving the way for a potentially huge windfall for a former president who raked in tens of millions of dollars the last time one of his companies was listed on a stock exchange. That previous, decades-ago experience, however, did not end well for the company or its investors. While a 2016 Washington Post review found that Trump made over $44 million, the company — Trump Hotels and Casino Resorts — lost more than $1 billion...
NEW YORK (AP) — Donald Trump is returning to the stock market. Shareholders of Digital World Acquisition
Reddit finally launched its long-awaited IPO today on the New York Stock Exchange at $34 a share. It started trading at $47 and ended the trading day with a share price of 50.44 a share
Worried about hospitals closing and higher costs for patients, state lawmakers are increasingly tangling with hospitals over potential health care mergers, in some cases derailing deals they think don’t serve the public interest.
Worried about hospitals closing and higher costs for patients, state lawmakers are increasingly tangling with hospitals over potential health care mergers, in some cases derailing deals they think don’t serve the public interest.
Worried about hospitals closing and higher costs for patients, state lawmakers are increasingly tangling with hospitals over potential health care mergers, in some cases derailing deals they think don’t serve the public interest.
The chief executive of Soho House has shed light on the difficulty he has faced taking the business public, amid criticism from a short selling group which suggested the exclusive members club should return to the private market.
Former President Donald Trump's Truth Social platform is set for its initial public offering (IPO) as soon as next week after its merger was approved by a special purpose acquisition company. But while Trump himself stands to reap a multibillion-dollar windfall, investors may not be as lucky given Trump's past IPO record.According to NBC News, Trump's last attempt to go public crashed and burned relatively quickly, with investors getting soaked even as Trump reaped significant benefits. A few...
The headline Trump news on Friday was that investors in Truth Social, his money-losing social media platform, voted to take it public at a valuation that could net the former president about $3 billion. There's some press conjecture that the transaction will relieve Trump's current cash crunch, which includes the necessity of his posting a bond to cover a roughly $500-million court judgment by Monday to stave off the seizure of some of his properties by New York Atty. Gen. Letitia James. That...
Trump has been using his platform ‘Truth Social’ as a megaphone for political messaging.