Reddit shares rise 30% to start week after social media company’s IPO
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Reddit shares rise 30% to start week after social media company’s IPO

Reddit shares were up 30% to $59.80 at the market’s close on Monday. The social media company’s stock has been rising ever since it went public last week and raised roughly $750 million from the IPO‚ of which the company brought in about $519 million. Reddit shares soared 48% when it began trading on the New York Stock Exchange under the stock ticker “RDDT‚” resulting in a number of moderators and users‚ known as Redditors‚ earning millions of dollars as a group. Those Redditers‚ along...