TELETRADER News
12/6/2021, 3:48 PM (Source: TeleTrader)
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BuzzFeed jumps over 16% in Nasdaq debut

Shares of BuzzFeed Inc soared over 16% on Monday as the company made its first appearance on Nasdaq.

The firm announced its plan to go public via a merger with a special purpose acquisition company (SPAC) dubbed 890 5th Avenue Partners Inc. Amid a change of sentiment among the investors, the shares of the SPAC sank below its initial public offering price on Friday.

After an initial trading halt due to volatility, BuzzFeed's stocks rallied 16.2% to sell for $11.16 at 9:47 am ET.

Baha Breaking the News (BBN) / BU