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Reddit guides IPO may price at top of range or above, source says
(finance.yahoo.com)
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this post was submitted on 20 Mar 2024
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They were looking at selling 8% for the initial IPO offering is how.
Aside from that, there valuation is double what it would be. This stock will wind up settling at 15 to 20 a share within a couple months, IMO. Their revenue isn't really that much, the ai data isn't going to become much more profitable for them after this year, and redditors have been getting less thrilled with the site for the past 5 years. They're peaking in profits right now. It won't get better for them.