Reddit Turns to Loyal Users in Unusual IPO Bet
Podcast: WSJ What’s NewsPublished On: Wed Feb 21 2024
Description: P.M. Edition for Feb. 21. Reddit wants to offer shares to 75,000 of its biggest users, in the hope they will boost its stock-market debut, according to people familiar with the matter. IPO reporter Corrie Driebusch explains the possible risks and rewards of the strategy. And the minutes from the Federal Reserve’s January meeting show more officials were concerned with cutting rates too soon as opposed to holding rates too high for too long. Plus, the vice president of Boeing’s 737 program is leaving the company. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
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