WSJ What’s News

Reddit Turns to Loyal Users in Unusual IPO Bet

02.21.2024 - By The Wall Street JournalPlay

Download our free app to listen on your phone

Download on the App StoreGet it on Google Play

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

More episodes from WSJ What’s News