Reddit's stock has been rising ever since it went public last week and raised roughly $750 million from the IPO, of which the company logged about $519 million.
Plexo Capital founding managing partner and Reddit shareholder Lo Toney told CNBC that Reddit's IPO was"a positive sign not only for Reddit, but I think also the tech industry and what it might mean for future IPOs."Reddit shares soared 48% when it began trading on the New York Stock Exchange under the stock ticker"RDDT," resulting in a number of moderators and users, known as Redditors,.
Mega Millions jackpot is up to $1.1 billion—what billionaire Mark Cuban says you should do if you win Still, Toney said that there are other"dynamics that need to happen," including a few more companies entering the public market before it's safe to say that the IPO floodgates have opened. Toney noted that some startups have raised a lot of money so they may not be in any hurry to go public and raise more cash.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: CNBC - 🏆 12. / 72 Lire la suite »