Reddit shares soar as company makes Wall Street debut

Stock photo of the Reddit social media app icon on a smartphone (NIck Ansell/PA)

Reddit shares were in demand as trading started on the New York Stock Exchange under ticker symbol RDDT.

Shares jumped more than 55% within the company’s first few minutes of its market debut.

The self-anointed “front page of the internet” had priced its IPO at $34 a share ahead of Thursday’s kick-off — but as of early afternoon, the going price climbed to $53.