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Reddit Stock Surges 38% to $50.44 in NYSE Debut, Valued at $9B
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Reddit's stock surged 38% above its IPO price, opening at $47 per share on the NYSE. The social media company raised $748 million, valuing it at about $9 billion. Shares soared up to 70% in their debut, closing at $50.44, marking a successful market debut.