It's been about way more than just Reddit.
Reddit co-founder and CEO Steve Huffman at the NYSE. Photographer: Michael Nagle/Bloomberg via Getty Images.We're done with "waiting until market conditions improve" or "uncertainty." If a company has the numbers or story to go public, the only impediment is inertia.Reddit deservedly got most of the headlines, raising $748 million and then closing up more than 48% from its IPO price on its first trading day.
Auna, a Latin American hospital operator that lists today in New York, raised $360 million after pricing just below its offering range.Galderma, a skin care company owned by EQT, raised the equivalent of $2.2 billion, with shares rising as much as 18% in its market debut. It was the largest Swiss franc-denominated IPO in seven years.
It was Germany's largest IPO of 2024, but also something of a disappointment — pricing at the bottom of its offering range and then watching its shares sink on both of its first two trading days.Share on linkedin
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Reddit-based tokens MOON and BRICKs rally ahead of oversubscribed Reddit's IPOReddit-related tokens r/CryptoCurrency Moons (MOON) and r/FortNiteBR Bricks (BRICK) are rallying sharply on Wednesday, ahead of Reddit's (RDDT.N) Initial Public Offering (IPO), which has been reported as oversubscribed.
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Reddit goes public in the most Reddit of waysOnce considered among the dark alleys of the internet, social media platform Reddit, now almost 20 years old set up a Thursday public stock offering to raise nearly $520 million on a company valuation of $6.4 billion.
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Reddit prices IPO at $34 per share in first major social media offering since 2019Reddit priced its IPO on Wednesday at $34 a share, valuing the social media company at about $6.5 billion.
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Reddit Priced IPO At $34 Per Share—Hitting The High End Of Its RangeI am a Colorado-based reporter. Before joining Forbes, I covered education and local government in Fort Collins, Colorado. I am a graduate of Creighton University, where I got a BA in journalism, and Arizona State University, where I got an MA in investigative journalism. Send tips at mbohannonforbes.com and follow me on Twitter molboha.
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Reddit IPO prices at $34 per share amid strong demandReddit will enter a new era as a publicly traded company with a market value of $6.4 billion. The social media platform’s initial public offering was priced at $34 per share Wednesday. The price came in at the top end of the target range set by Reddit’s investment bankers as they spent the past few weeks gauging investor demand for the stock.
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Reddit IPO prices at top of range to raise $748 millionReddit Inc. and its selling shareholders raised $748 million, pricing shares in an initial public offering at the top of a marketed range, the second big tech listing in as many days.
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