News Formal

Reddit poised to make its stock market debut after IPO prices at $34 per share amid strong demand

  • 📰 SooToday
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 85%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

SAN FRANCISCO (AP) — Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion after the social media platform's initial public offering was priced at $34 per share.

SAN FRANCISCO — Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion after the social media platform's initial public offering was priced at $34 per share.

The interest surrounding Reddit stems largely from a large audience that religiously visits the service to discuss a potpourri of subjects that range from silly memes to existential worries, as well as to get recommendations from like-minded people. Meta Platforms — whose biggest social media service Facebook was started just 18 months earlier than Reddit —- boasts a market value of more than $1.2 trillion. Meta also generates annual revenue of $135 billion, while Reddit’s remains below $1 billion.

In the documents filed for its revived IPO, Reddit attributed the losses to a fairly recent focus on finding new ways to boost revenue.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 8. in SA
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Calpers Raises Bets on Private Equity, Credit Bets in $34 Billion Shift Away From StocksThe country’s largest pension fund is ramping up its exposure to private equity and private credit in a $34 billion bet that the riskier assets will fuel higher returns.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Reddit poised to make its stock market debut after IPO prices at US$34 per share amid strong demandReddit will enter a new era as a publicly traded company with a market value of US$6.4 billion after the social media platform's initial public offering was priced at $34 per share.
مصدر: CTVNationalNews - 🏆 82. / 51 اقرأ أكثر »

Reddit poised to make its stock market debut after IPO prices at $34 per share amid strong demandSAN FRANCISCO (AP) — Reddit will enter a new era as a publicly traded company with a market value of $6.4 billion after the social media platform's initial...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Fed decision, Earnings, Reddit IPO: What to watchThe FOMC meeting will end tomorrow and Chair Jerome Powell will hold a press conference. Yahoo Finance Live's coverage will begin at 2:00 pm.  Micron...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »