Reddit guides IPO may price at top of range or above, source says
Reddit guides IPO may price at top of range or above, source says
https://finance.yahoo.com/news/reddit-guides-ipo-may-price-153453004.html?guccounter=2
Reddit and its bankers are guiding that they could price the social media platform's initial public offering (IPO) at the top of the indicated range or above, according to a source familiar with the matter. The San Francisco, California-based company is seeking a valuation of $6.5 billion in the IPO and had indicated it would sell shares at a price between $31 and $34 each. If priced at the top end of that range, the IPO would fetch $748 million for Reddit and its selling shareholders.
Get your shorts ready, this will be very interesting to follow. Seems like the stock will appear tomorrow already?
I fully expect a nosedive in stock price but who knows. Maybe a pump and dump.