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This is breaking news from Bloomberg.

Hey everybody, I just want to do a quick check on shares of Reddit.

They are open, they are trading, and the stock is up just shy of 60% at its highs today was trading above

almost 58 dollars a share so a 70% pop on this first day of trading it's

settled in or it's not settling in we still still have some ways to go. But right now up about 59 percent, $54 and change here, if you will. So jumping after we know it, price at the top of its marketed range and this is coming day

two we've had two big tech IPOs that have all come out of the gate

incredibly strong we know Esthera right the-related company, it's also trading higher in a second day of trade.

So that brings me to Amy Orr who covers IPOs here at Bloomberg.

She's in our studio right now.

Amy, if you're maybe one of the bankers

or perhaps working at Reddit and you see a 60% pop

on day one of trading, how are you feeling?

I mean, it's good, obviously, if you're a shareholder, but are you feeling? I mean it's good obviously if you're a shareholder but are you also thinking wait we could have raised more than 700 million dollars in the IPO?

So I just want to go back to the marketing bid. I have to say so a redid is not raising all the money so the money that

it will probably get is around 550 million or so because it's also some of the

...