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<p>The post <a href="https://coinpedia.org/news/reddit-announces-ipo-plans-led-reddit-coin-surge-by-70/">Reddit IPO To Go Live Today! REDDIT Coin Surge by 70%</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Popular social media platform Reddit, the 17th most visited website in the world is gearing up for an initial public offering (IPO) on the New York Stock Exchange, at a valuation of $6.5 billion. Meanwhile, the company’s unrelated cryptocurrency, REDDIT, saw an impressive 70% increase, trading at $0.01004.</p> 
<h2 class="wp-block-heading" id="h-reddit-s-ipo-launch">Reddit’s IPO Launch</h2> 
<p>Known for its diverse features and active communities, Reddit <a href="https://coinpedia.org/news/reddit-sets-ipo-price-valuation-hits-6-4-billion-what-to-expect">announced its IPO</a>, marking a milestone in its nearly two-decade history. The company’s decision to go public takes considerable preparation back after 2021 and is ready to capitalize on the widest range of user base and stakeholders.</p> 
<p>Although, the stock is priced at $34 per share, and Reddit’s IPO valuation of $6.5 billion reflects investor confidence despite falling short of an initial target of $10 billion by 2021.&nbsp;</p> 
<p>However, the IPO represents an opportunity for Reddit to capitalize on its platform’s popularity and community management in the public marketplace.</p> 
<p>Also Read:<a href="https://coinpedia.org/news/toncoin-surges-10-amidst-115-million-distribution-plan-announcement/"> Toncoin Surges 10% Amidst $115 Million Distribution Plan Announcement</a></p> 
<h2 class="wp-block-heading" id="h-reddit-coin-surge">REDDIT Coin Surge:</h2> 
<p>In parallel to Reddit IPO, <a href="https://coinpedia.org/price-analysis/reddit-based-altcoins-that-can-yield-100-profits-this-week/">Reddit Coin</a> (REDDIT), a cryptocurrency celebrating creativity, art, and meme culture experienced a surge of 70%, reaching a trading price of $0.01004.&nbsp;</p> 
<p>Perhaps having no direct connection with Reddit firm, REDDIT coin has garnered attention from investors seeking to capitalize on its potential growth.&nbsp;</p> 
<p>Investors are drawn to the hyped value of REDDIT’s coin, and its meme-driven culture and community engagement could lead to greater appreciation. That interesting speculation has given holders of the REDDIT coin a <a href="https://coinpedia.org/price-analysis/reddit-altcoins-to-surge-500-ahead-of-an-oversubscribed-ipo/">whopping 400% increase</a> in value over the past month.&nbsp;</p> 
<h3 class="wp-block-heading" id="h-reddit-coin-analysis">Reddit Coin Analysis</h3> 
<p>The current price of Reddit Coin <a href="https://coinmarketcap.com/currencies/reddit/">is $0.01004</a>, up an impressive 38.50% in the last 24 hours. With a trading volume of $148,382. However, the Reddit coin has a current market cap of $582,074.</p> 
<p>Despite its huge popularity, the Reddit coin holds the 3544th position, reflecting its niche position in the cryptocurrency landscape.</p>

Reddit IPO To Go Live Today! REDDIT Coin Surge by 70%

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