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Reddit’s IPO has begun with shares soaring 60% within minutes

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Shares of social forum giant Reddit opened Thursday at $47 per share, then quickly soared to around $55, up about 60% in heavy volume from its IPO price of $34 per share. It bounced around before stabilizing at around $50 a share.  The company had indicated a target range of $31 to $34 per share […]

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