REDDIT IPO
Share price in the initial sale:
- Reddit's stock price in the initial sale is projected to be in the range of $31 to $34 per share.
Fully diluted company value:
- At this price range, Reddit is expected to reach a fully diluted value of approximately $6 billion to $6.5 billion.
Trading on the New York Stock Exchange:
- Reddit plans for its stock to trade on the New York Stock Exchange under the symbol RDDT.
New partnership with Google
- Reddit is entering into a new partnership where Google is getting data for AI training from the platform.
These topics provide key information about the planned stock sale and the new partnership, which may be of interest to investors and those following developments in the AI field.
This IPO will definitely be of interest to me, overall what is going on around it is interesting.
I also wrote about this a few days ago and am looking forward to the IPO. The only thing that is being talked about with a bit of controversy is that they said they would offer their shares early to some of their top users, this would of course give some retailers the advantage of a better price. Otherwise it could be an interesting IPO if one catches a good price. Will definitely be watching.