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The targeted valuation, on a fully diluted basis, is less than the $10 billion Reddit was valued at after a fundraising in 2021. Reddit targets up to $6.4 billion valuation in much-awaited US IPO ...
Reddit, along with some existing stockholders, plans to offer 22 million shares of the company’s Class A stock, meaning the IPO could raise as much as $748 million from those shares, according ...
Many Reddit stocks are household names and that is part of their appeal. It is fun and exciting to invest in brands commonly used and loved. ... with an average price target of $123, according to ...
[82] [83] In March 2024 it was announced that Reddit would target a valuation of up to $6.4 billion in its U.S. IPO. The platform intends to sell 22 million class A common shares at a price between $31 and $34 alongside some of its investors, looking to raise up to $748 million. [84]
A meme stock is a stock that gains popularity among retail investors through social media. [1] [2] [3] The popularity of meme stocks is generally based on internet memes shared among traders, [4] on platforms such as Reddit's r/wallstreetbets. [5] Investors in such stocks are often young and inexperienced investors. [6]
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
Reddit stock soared on its first day of trading, ending the day up nearly 50% from its initial public offering price of $34 a share.The stock closed at $50.44 on Thursday, up 48% from the IPO ...
In June, Clover Health became the target of traders as a “meme stock”, causing share prices to fluctuate. [23] Share prices rose 20% in one day after the company cautioned investors against purchasing shares due to being part of a short squeeze on hype from Reddit retail investors. [24]