Reddit shares surge a day after options launch, set to nearly double IPO price
(Reuters) - Shares of social media platform Reddit jumped 11% on Tuesday, set to extend a strong run from a day earlier following the launch of options on the stock.
At current price of $67.5, more than $1 billion was set to be added to the company's market value. The stock was also on track to nearly double its IPO price of $34.
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