{"id":87688,"date":"2024-03-21T01:19:52","date_gmt":"2024-03-21T05:19:52","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=87688"},"modified":"2024-03-21T01:06:00","modified_gmt":"2024-03-21T05:06:00","slug":"reddit-prices-ipo-at-34-per-share-in-first-major-social-media-offering-since-2019","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/03\/2024\/reddit-prices-ipo-at-34-per-share-in-first-major-social-media-offering-since-2019.html","title":{"rendered":"Reddit prices IPO at $34 per share in first major social media offering since 2019"},"content":{"rendered":"\n<p>(CNBC) Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, and values the company at close to $6.5 billion. Reddit had planned to price the deal at $31 to $34 a share. Reddit\u2019s public market debut on Thursday, under ticker symbol \u201cRDDT,\u201d will be the first for a major social media company since <a href=\"https:\/\/www.cnbc.com\/quotes\/PINS\/\">Pinterest\u2019s<\/a> debut in 2019 and one of the <a href=\"https:\/\/www.cnbc.com\/2023\/11\/09\/the-ipo-market-has-grown-quiet-again-heres-what-is-behind-the-shift-in-sentiment.html\">very few<\/a> venture-backed tech deals of the past two years. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/03\/20\/reddit-prices-ipo-at-34-per-share-sources-say.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, and values the company at close to $6.5 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87688","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=87688"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87688\/revisions"}],"predecessor-version":[{"id":87689,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87688\/revisions\/87689"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=87688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=87688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=87688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}