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Reddit prices IPO at $34 per share, the top of the range
Reddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company's IPO on
Reddit priced its stock on Wednesday at$34 a share, the top of the anticipated range, a signal that investors are excited about the company’s IPO on Thursday. If Reddit’s stock jumps on its first day of trading, other VC-backed companies waiting in the wings will surely launch their IPO processes shortly after. The company has recently begun to sell its data to Google for training AI models and there may be more similar licensing agreements in the making, which could become a big revenue growth channel for the business.
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