11:16 AM EDT, 03/26/2024 (MT Newswires) -- Reddit ( RDDT ) shares were up more than 11% in recent Tuesday trading after the social-media operator completed its initial public offering Monday.

The IPO comprised 25.3 million class A shares priced at $34 each, according to a filing with the US Securities and Exchange Commission.

Reddit ( RDDT ) said it sold 18.6 milliion shares for gross proceeds of about $631.6 million, while the remaining shares were sold by certain stockholders, according to the filing.

Price: 66.47, Change: +6.67, Percent Change: +11.15