Shares of social forum giant Reddit closed its first day of trading at $50.31, up nearly 48% from its IPO price of $34 per share. The company had indicated a target range of $31 to $34 per share ...
Reddit cashes out in a stellar IPO — but can it grow up?
Shares of the social media company soared on its Big Board debut under the ticker RDDT, closing at $50.44, or 48 per cent above its IPO price. This brought its fully diluted market capitalisation ...
Reddit prices IPO at top of indicated range to raise $748 million
Social media platform Reddit, priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and giving the ailing technology IPO ...
Reddit prices hotly anticipated IPO at $34 per share, valuing the social media platform at around $6.4 billion
The company, along with executives and employees, sold 22 million shares in its public offering and said ahead of the IPO that it would set aside 8% for some of the site's biggest users and ...
Is Crypto Cleaning Up Its Act?
This article argues that markets in crypto-assets such as Bitcoin are maturing. This is partly due to firmer regulation and a greater willingness of crypto-asset creators to accept existing regulation ...
Trial for Fallen Crypto Tycoon Do Kwon Begins, But He Won’t Be There
F allen crypto tycoon Do Kwon faces trial Monday on claims that he defrauded people who bought a cryptocurrency that collapsed two years ago, setting off a chain reaction that led ...
Former crypto king Sam Bankman-Fried set for sentencing this week
Former FTX CEO Sam Bankman-Fried is scheduled for sentencing Thursday after he was convicted of fraud and conspiracy charges related to the collapse of his cryptocurrency empire.
Bitcoin’s Surge Stirs Crypto VC From Its Slumber
Startups are more easily tapping venture firms for fundraising deals.
Spotlight on Asia’s billions-dollar crypto market in latest report
The latest Chainanalysis crypto report is a wealth of information on crypto gainers in 2023 - especially on Asia.
Crypto Market Remains Focused on Spot Bitcoin ETF Flows Over Fundamentals: Coinbase
The cryptocurrency market remains fixated on spot bitcoin (BTC) exchange-traded fund (ETF) flows rather than fundamentals, as the recently approved products saw their first week of net outflows in two ...
Japan’s Nikkei closes lower on profit-taking, snaps winning streak
By Brigid Riley TOKYO, March 25 (Reuters) - Japan's Nikkei share average closed lower on Monday on profit-taking following last week's central bank decisions, snapping a four-day winning streak. The ...
Japan’s Economic Pivot: From Failed Stimulus to Stock Surge
Japan's blend of conservative business practices and engineering prowess has propelled it to global prominence.
Goldman’s Clients Become Active In Crypto Options
The legalisation of spot Bitcoin BTC $67,443 exchange-traded funds has apparently rekindled the interest of Goldman Sachs clients, who have begun to reenter the cryptocurrency market this year. ...
Cathie Wood’s Ark Doubles Down On Tesla Despite Dip, But Dumps $56M In This Bitcoin-Linked Stock Amid Crypto Cooldown
Tesla, Inc. (NASDAQ:TSLA) received a vote of confidence from Cathie Wood‘s Ark Investment Management last week, as the investment firm swooped in to buy shares after a stock price dip.
Economist Alex Krüger Bullish on One Under-the-Radar Layer-One Altcoin, Says Crypto ‘Can Get Crazier’
Widely followed economist Alex Krüger is bullish on one overlooked layer-one crypto project amid what he believes is the earlier stages of a digital assets bull run.
Bitcoin Dogs (ODOG) could be the next big thing in crypto
Cryptocurrencies have outperformed traditional assets this year, helped by numerous tailwinds in the industry. Some of these notable events have been the approval of Bitcoin ETFs by the Securities and ...