The social media company’s debut on the New York Stock Exchange was one of the first major tech initial public offerings of the year.

Reddit shares opened up about 38 percent on Thursday in their first day of trading, in a sign of investor eagerness that set the stage for more tech companies to reach the stock market this year.

Archive link: Reddit Opens Up 38%, as Shares Begin Trading

  • Coach@lemmy.worldEnglish
    132·
    8 months ago

    It’s about to close even on the day. It pumped at open, then dumped until close. Should continue to dump for a while, so buy puts.