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Reddit Shares Surge After IPO

Reddit (RDDT) shares soared in their stock market debut as initial public offerings continue to see demand following the recent offering of semiconductor company Astera Labs.
Reddit shares hit an intraday high of $57.80 after the opening bell. The intraday high was 70% higher than the IPO price of $34. The company raised $748 million in the offering by selling 22 million shares.

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