OMG! LOL! BuzzFeed's trading on the Nasdaq
CNN
At Nasdaq Monday, BuzzFeed CEO Jonah Peretti — flanked by Instagram celebrity "Dude with Sign" and people holding oversized yellow "OMG" and "win" signs — rang the opening bell for BuzzFeed's debut as a public company. Simultaneously at BuzzFeed's headquarters in New York, an acrobatic cat performed.
It was both a celebration of BuzzFeed, the digital media brand known for its lists, quizzes and journalism, and a scene epitomizing it, or at least the way it wants to be seen.
Shares in BuzzFeed, which is trading under the ticker "BFZD," opened Monday at $10.99 per share. It later jumped by more than 40% but then fell back down. In January, 850 Fifth Avenue Partners — the special purpose acquisition company that merged with BuzzFeed to take it public — priced its initial public offering at $10 per share. On Friday, it had closed at $9.62 per share.
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