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Todd Spangler NY Digital Editor Investors rallied around Reddit‘s initial public offering Thursday, driving the discussion-forum company’s stock up over 50% in its market debut. Through the IPO — expected to be among the biggest tech stock offerings of the year — Reddit raised $519 million and created a windfall for existing shareholders, including Condé Nast parent company Advance Publications and OpenAI CEO Sam Altman.

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'I jumped on the DNA testing bandwagon with my dad - it destroyed our family'

A man has been left devastated after causing a rift in his family from which they may never recover. The teen decided to jump on the "bandwagon" of DNA testing for a bit of a laugh - but he had no idea of the damage it would cause.

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Cruise ship passengers warned to avoid certain 'disgusting' foods at the buffet

Cruise ship travellers have been given a heads-up about some 'disgusting' food at the buffet that should be avoided at all costs.

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Schwartz & Sandy’s STILL Struggling After Tom Sandoval’s Affair?! Menu Slashed!

Could The Toms be close to losing their restaurant?

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Bridesmaid Claims Childhood Pal Asked Guests To Spend CRAZY AMOUNT For Destination Wedding -- Wild!!

It is no secret that weddings are expensive AF, whether for the person planning the ceremony or attending it. But this wedding going viral on Reddit is truly outrageous!

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14.03.2024 / 16:49

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''Human error' blamed for Metrolink passengers FINED after paying

‘Human error’ has been blamed for Metrolink passengers being fined — even though they had paid for a ticket.

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Woman shamed by boyfriend for 'gross' toilet habit - but many are on her side

A woman has been left questioning her habits after her boyfriend became 'grossed out' when coming across one of her bathroom rituals.

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Reddit Aims For Valuation Up To $6.4B In IPO, Pricing Shares At $31 To $34

Reddit is targeting a valuation of up to $6.4 billion as it gets for its initial public offering.

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Reddit IPO to Raise up to $748 Million Through Stock Debut, With Valuation of up to $6.4 Billion

Todd Spangler NY Digital Editor In what’s poised to be one of the biggest initial public offerings of the year, Reddit disclosed financial details of its forthcoming IPO, through which it’s aiming to raise as much as $748 million. On Monday, in an update to its S-1 filing with the SEC, Reddit said it will offer 22 million shares, expected to be listed at an IPO price of between $31 and $34 per share.

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Woman 'suing parents' after discovering they spent her university savings

Going to university is a big adventure and should be one of the 'best times of your life', but we all know it costs a lot of money. There are university fees and loans to think about.

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'I was adopted as a child - I just discovered that my wife is my biological sister'

A man had his life completely turned upside down when he discovered that his wife and mother of his children was actually his biological sister. The gobsmacked husband, from the US, revealed that he was adopted just moments after he was born and has never known anything about his birth parents.

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Hollywood Contraction: How Fewer Jobs & The Threat Of Another Strike Is Pushing BTL Workers To The Brink

Editor’s note: This is the second installment in the Deadline series Hollywood Contraction, which examines the job losses caused by the ongoing, industrywide cost-cutting.

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Student scoffs sweet treat without realising it could have won him £10,000

A man was left gutted after scoffing a tasty treat without realising it could have won him £10,000 if he hadn't eaten it. Back in 2022, Cadbury launched their Creme Egg hunt - with the chocolate giants hiding 146 half white and half milk chocolate eggs across the UK.

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Wedding Ruined When Groom's Mother Splashed Bride With Red Paint & More! WTF?!

A couple’s fairytale wedding ended up a complete nightmare when the groom’s mother did everything she could to sabotage the big day! Get ready for a wild story, Perezcious readers…

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Reddit Files For IPO, Will List On NYSE Under Stock Symbol ‘RDDT’; CEO Touts “Conversation From The Sublime To The Ridiculous”

Social media platform Reddit filed with the SEC today for an initial public offering, a move anticipated for years by the company, which was founded in 2005 by Steve Huffman, Alexis Ohanian and Aaron Swartz. It boasts 100k+ communities, or subreddits, including wallstreetbets, the home of meme stock traders who upended Wall Street in 2021, taking shares of GameStop and others to the moon.

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Reddit Discloses Finances in IPO Filing, Will Let Influential Moderators and Users Buy Shares at Offering Price

Todd Spangler NY Digital Editor Reddit, the popular internet discussion “community of communities,” filed a registration statement Thursday for its long-awaited initial public offering. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Reddit intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol “RDDT.” In the S-1 filing with the SEC, Reddit reported 2023 revenue of $804.0 million, up 21% year over year, and a net loss of $90.8 million in 2023, compared with a $158.6 million loss the year prior.

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Did Kanye West Take A Swipe At Kim Kardashian & Kris Jenner In New Song?!

Kanye West is STILL taking shots at Kim Kardashian and Kris Jenner?!

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'I refused to wear make-up at my best friend's wedding - it has ruined their marriage'

A woman has reportedly ruined her best friend's marriage - after attending their wedding without any make-up on. The woman was delighted to have been chosen as her long-term pal's maid of honour - fulfilling an agreement they made as children.

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Jenelle Evans Posts Video With Son Jace Back Home -- Despite Husband David Eason's Abuse Charges!

Jenelle Evans is posting videos showing her teenage son Jace back home after the surprising end of a CPS investigation into her and her husband, David Eason.

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Man pours gallons of water on neighbour's car after having parking spot stolen

A man who was fed up with his neighbour stealing his parking spot has shared how he got his own back - and he doesn't care if people think it's wrong.

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15.02.2024 / 17:27

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US Costco shoppers say they 'can't believe this' after seeing UK food court menu

American Costco fans have been left amazed by the food court menus available at stores in the UK. A Reddit user from Phoenix, Arizona, who goes by the name Costco (but isn't linked to Costco Wholesale Corporation), shared his joy at visiting the Liverpool branch.

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Popular Questions Regarding Reddit

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