Reddit Shares Soar as It Begins Trading on NYSE
Reddit shares opened at 38% above the $34 IPO price when it began trading on the NYSE. Reddit's IPO, the fourth largest this year, is a high-profile addition to 2024's roster of newly and soon-to-be public companies. Bloomberg's Ed Ludlow is tracking the trade.
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Stock market today: Wall Street extends records as Reddit soars in market debut, Apple falls on suit
The S&P 500 rose 16.91 points, or 0.3%, to 5,241.53 and set an all-time high for a third straight day.
