Logos of Reddit are displayed, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. REUTERS/Brendan McDermid
(Reuters) - As Reddit's stock market value soared to almost $9 billion in its Wall Street debut on Thursday, commenters on the social media website's largest stock trading forums voiced skepticism about the outlook for the money-losing company's shares.
"Where can I buy puts?," asked user savage011, among the highly rated comments on Reddit's "wallstreetbets" forum after the company and its underwriters priced its initial public offering at the top of the targeted range of $31 to $34 per share on Wednesday, raising $748 million.
