The #Reddit #IPO is to raise $750M by selling 11% of the company, valuing it at $6.4B (never made a profit).
A not-very-difficult #prediction of how it will go:
The investment #bankers will get virtually all the initial stock at the offering price.
They will quickly sell most of their holdings to the private investors trying to get in because of the hype, making a huge profit.
The stock price will start going down immediately after this hype buy-in.
"Regular" investors will lose their shirts.
Charles /
npub1pd…64jrl
2024-03-12 01:50:49
Author Public Key
npub1pdaz4j0ezt8km4e4p0tmt3qx7st49gkw8f9gg6unz47glzd8j4hqr64jrlPublished at
2024-03-12 01:50:49Event JSON
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