Reddit Stock Is Here After Spectacular Debut

By Erin Clerici - 26 Mar 2024 2276 0 comment

We just added Reddit Inc. (RDDT:NYSE) to our stock list after its spectacular IPO on March 21. The internet's front page debuted at $34 a share and soared 48% on day one, fueled by investor excitement over its AI potential. The stock is on track to more than double its IPO price, which would add more than $1 billion to its market value.

That's great news for OpenAI CEO Sam Altman (the brain behind ChatGPT) who is the third largest investor in the social media company behind Condé Naste owner Advance Publications and Chinese internet giant Tencent. Altman's stake is now worth more than $600 million and counting.

So, what are you waiting for? Dive into the Reddit frenzy and buy one share with a cool stock certificate from GiveAshare.com!

Reddit is the first social media company to go public since Pinterest's debut back in 2019. Next up: Truth Social owner Trump Media & Technology Group, which is expected to trade under the ticker DJT. Lucky for you, we have them all! Buy one share in Facebook's Meta, Snapchat, Pinterest, Spotify and Match.com.

Already a shareholder? Buy a personalized replica stock certificate to celebrate your ownership.

Tags:reddit ipo reddit stock

Erin Clerici

Erin has degrees in finance and journalism from Arizona State University and started her career as a financial journalist at Bloomberg in New York City and London. Her interest in the stock market started at a young age when her dad asked her and her sisters to choose a company to invest in. Erin chose Nokia, which at the time had enormous marketshare in the mobile and smartphone market, and her sisters chose Starbucks and Intel. While it ended up being a loser (thanks, Apple!), that investment and the choices her sisters made taught her valuable life-long lessons and sparked a curiosity to keep on learning and investing.

In her free time, you'll find her hanging out with her husband and their boy-girl twins, playing with her three pups, on a hike, or at a local Denver brewery. She has a passion for traveling and exploring new cultures, trying new foods and giving back to her community.