Chip Software Firm Silvaco's Shares Rise Up to 14% After IPO [BNN Bloomberg (Canada)]
Reddit, Inc. Class A (RDDT)
Company Research
Source: BNN Bloomberg
Shares in the chip-design software company climbed to $20.10 each as of 12:06 p.m. in New York on Thursday. The company had marketed the stock for $17 to $19 apiece. The trading gives Silvaco a market value of $574 million based on the outstanding shares listed in its filings with the US Securities and Exchange Commission. The listing comes as the recovery in the US IPO market broadens beyond large household names like Reddit Inc. that had been waiting for their window. “This is the first time the market has opened for small-cap companies and we wanted to have the first opportunity to get out there because we have a feeling that the market is going to start picking up more as we get closer to September and October,” said Babak Taheri, chief executive officer of Silvaco. Founded in 1984, the Santa Clara, California-based company makes electronic design automation software for semiconductor and photonics companies, the filings show. Silvaco also provides intellectual property f
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News
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Citigroup Inc. from $65.00 to $70.00. They now have a "buy" rating on the stock.MarketBeat
- Private equity hunts for IPO alternatives amid a US$3-trillion asset pile burden [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Reddit, Inc. (NYSE: RDDT) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $63.00 price target on the stock.MarketBeat
- Markets today: Stocks churn as traders waver on U.S. rates outlook [BNN Bloomberg (Canada)]BNN Bloomberg
- Reddit, Inc. (NYSE: RDDT) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $62.00 to $65.00. They now have a "buy" rating on the stock.MarketBeat
RDDT
Earnings
- 5/7/24 - Beat
RDDT
Sec Filings
- 5/9/24 - Form 3
- 5/9/24 - Form 4
- 5/8/24 - Form 10-Q
- RDDT's page on the SEC website