Reddit IPO values social media site at $6.4 billion

The company makes its public debut on the New York Stock Exchange

Reddit goes public
The 19-year-old company has never turned a profit
(Image credit: Jonathan Raa / NurPhoto via Getty Images)

What happened

Reddit is making its debut as a public company Thursday on the New York Stock Exchange, under the ticker symbol RDDT. The social media platform priced its shares at $34 on Wednesday, the top of its IPO target range, valuing the company at $6.5 billion. The 19-year-old company has never turned a profit.

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