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Reddit made a significant splash in the stock market with its initial public offering (IPO), seeing its shares surge impressively on its debut day. The social media company, known for its vibrant community of posters, allowed its own users to buy stock during the IPO, a move that garnered widespread attention. Coverage of the event was extensive, with live updates and blogs tracking the company's performance throughout the day. By the close of trading, Reddit's shares had popped more than 60%, netting the company $519 million. This performance, ranging from a 48% to over 60% increase, was closely watched by investors and commentators alike, marking a notable day in Wall Street for the internet company.
