r/humanresources | Reddit IPO a soaring success - but HR should be ready for what comes next

Reddit IPO a soaring success - but HR should be ready for what comes next

Reddit’s stock price soared from $34 per share to over $50 per share on its first day of trading, with a final market cap of around $8.2billion.

It signaled an encouraging initial public offering (IPO) for the social media platform, which was much anticipated after a two-year wait as significant stock market volatility, caused by interest rate hikes and Russia’s War in Ukraine, eased.

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