"Reddit's NYSE Debut Soars 70%: AI, Advertising, and Stock Projections"

Reddit began trading on the New York Stock Exchange under the ticker symbol RDDT after its IPO priced at $34 a share, valuing the company at around $6.4 billion. The IPO is seen as a test of investor appetite for a social media company, but Reddit has faced controversies over toxic content. The premiere brought a lucrative payday for Condé Nast, Reddit's owner, and a decent chunk of shares have been set aside for users. Reddit's journey from a college dorm room to the NYSE has sparked mixed reactions, with some users expressing concerns about the site's corporatization.