Sam Altman's Reddit stake value rises ₹1,666 cr as shares rise 48%

The value of OpenAI CEO Sam Altman's stake in Reddit rose by over ₹1,666 crore in one day after the company's shares closed 48% higher than their IPO price following their market debut. Altman is one of the biggest Reddit shareholders, owning 7.6% shares after the offering. He is restricted from selling Reddit shares during Reddit's six-month lock-in period.