REDDIT'S SHARES SURGED 48% ON IPO THIS THURSDAY

Summary from the TLDR Founders newsletter

Reddit's shares surged 48% on their debut. A significant IPO event, the company and its shareholders raised about $750 million. The stock's performance reflects strong investor interest despite recent market hesitations toward tech IPOs. Reddit's financials show a 20% increase in annual sales to $804 million for 2023 with a narrowed net loss compared to the previous year.