Reddit IPO successful, shares up 30% on NYSE debut

Summary: Reddit CEO Steve Huffman embraced the company's mascot Snoo as Reddit debuted on the NYSE on March 21, 2024. Reddit's shares closed at $59.80, up 30%, after raising $750 million from its IPO, with $519 million going to the company. Redditors, moderators, and corporate insiders profited, with OpenAI CEO Sam Altman's stake growing from $200 million to over $613 million.

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