Reddit dips day after strong NYSE debut
The Star Online - Tech·2024-03-22 19:01
(Reuters) - Social media platform Reddit's shares ticked down 2.6% before the bell on Friday, a day after it notched a 48% gain in its debut on the New York Stock Exchange.
The company's share sale was closely watched for more clues about investor interest in new share issues following a prolonged freeze in the market. Trading in the stock over the next few weeks could determine the IPO plans of other loss-making tech startups, analysts have said.
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