, investors remain wary of potential volatility stemming from the company's decision to offer shares to investors without imposing a lockup period.We are watching shares of Reddit. It is trading slightly down this morning. And that's the company's second day of trading. Move comes after the stock popped 48% on its debut. And Seana, this finally, that pop we got was after 1:00 PM yesterday.So these IPOs coming out a little bit late in the day.
And the ability really to capitalize on that AI strength and growth here over the coming quarters and really get, eventually, its business to profitability. We saw some of that excitement yesterday when you take a look at the shares popping. Also, from Astera Labs that stock up just about 70 or was up 72% in its first day of trading. Whether or not, though, we can really say that those two names make a trend, it's too early to tell. But it shows the excitement.It shows the excitement.
They're finally coming to market now. But is there a plan? And I just don't know if that's been articulated, yet.Yeah, exactly. And I think that's a lot of people who have been skeptical of this public debut, skeptical of Reddit being really being able to prove it is on a sustainable path here to profitability.
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