Reddit shares close trading up 48% in market debut

Shares in Reddit jumped more than 55% in the first few minutes after it started trading on the New York Stock Exchange.

The self-described “front page of the internet” had priced its initial public offering at $34 U.S. Reddit’s long-awaited entry as a publicly traded company has been in the works for more than two years.

The eyeball-grabbing debut will be a major test of the IPO market, and test the social media site’s ability to overcome a nearly 20-year history of losses.

To chat more about this we’re joined by tech expert Carmi Levy.