Reddit’s initial public offering price was $34 per share. The company announced that price on March 20, 2024, setting the valuation for its Class A common stock before trading began on the New York Stock Exchange.
Reddit offered 22 million shares in the IPO, including shares sold by both the company and existing stockholders. The final price landed at the top of the initially announced range of $31 to $34 per share, signaling strong demand from investors.
Trading under the ticker symbol RDDT began on March 21, 2024. The stock opened at $47 per share and closed its first day at $50.44, well above the offering price. That first-day jump is a separate figure from the IPO price itself, a distinction that often causes confusion. The $34 price refers to the shares allocated in the offering, while $47 was the opening market price once public trading started.