Key Points
(Bloomberg) -- When Reddit Inc. lists on the New York Stock Exchange this week, its fate will rest, in part, in familiar hands: those of its users..
He immediately decided to buy in, saying Reddits plans to license data to artificial intelligence companies to train large language models is what makes him a believer in the stocks longterm value..
Reddit will want to avoid the kind of whipsaw suffered by Robinhood Markets Inc. and Instacart, which both sold shares to the very retail traders who pumped the stocks of GameStop Corp. during 2021s meme mania..
Thousands of members of the WallStreetBets forum which boasts around 15 million users and helped send the share prices of companies like GameStop to eye-popping heights during the pandemic voted to boost a forum post about shorting Reddits stock when it begins trading..
Noor Al, a 28-year-old senior analyst in Toronto for a private equity backed health-care company, said he intends to buy as many shares as Reddit will allow and may sell call options against the shares..
You might be interested in
Mukka Proteins IPO: Price band set at ₹26-28 apiece, check issue size, key dates, more
26, Feb, 24Mukka Proteins IPO price band has been fixed in the range of ₹26 to ₹28 per equity share.
Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying
24, Feb, 24Reddit says it wants to reward users by letting them buy into the company’s public listing. Some say it’s too risky—others say they won’t pay a company they’ve already given hours of free labor to.
Epack Durable IPO: Price band set at Rs 218-230 per share; check all details here
16, Jan, 24Epack Durable, based in Uttar Pradesh, sets IPO price band at Rs 218-230 per share. The IPO involves selling new shares worth up to Rs 400 crore and e
Reddit files for IPO. Here's why US consumers should invest in it
23, Feb, 24Reddit prepares for NYSE debut under symbol RDDT with plans for largest social network IPO since 2019, valued at $10bn.
RBZ Jewellers shares hit 20% upper circuit for second consecutive day, rally over 110% in just 12 days
11, Jan, 24The company's shares made their debut on the Indian stock exchanges on December 27, 2023, listing at ₹105 apiece, representing a 5% premium to the IPO price of ₹100. Considering the stock's current market price of ₹211 apiece, it is trading 111% higher than its issue price.
Paytm share price rises. Why the stock is in focus?
27, Feb, 23Paytm shares surged more than 3% to ₹655 apiece on the BSE in Monday's opening deals
Mamaearth IPO: Snapdeal sharks hit jackpot, turn Rs 38 lakh into Rs 38 crore in 6 years
31, Oct, 23Snapdeal co-founders Kunal Bahl and Rohit Kumar Bansal are among the two sharks who had acquired stakes in the digital-first beauty and personal care company at an average cost price of just Rs 3.21 per share in August 2017. At the upper price band of Rs 324, the duo stands to make an astounding profit of Rs 38.27 crore translating into a return of 9,993%.
Reddit IPO: Social media firm set for NYSE debut after pricing IPO at $34 apiece
21, Mar, 24Reddit's IPO valued at $6.4 billion debuts on NYSE under symbol RDDT at $34 per share after raising $748 million, with $228 million going to stockholders. Oversubscribed by 4-5 times, it attracted strong investor interest despite previous plan cancellation in 2021.
Reddit looking to raise $748 million from the sale of 22 million shares in IPO, eyeing $6.5 billion valuation
11, Mar, 24Reddit and some of its current shareholders plan a sale of 22 million shares for $31 to $34 each, seeking a valuation of as much as $6.5 billion in the listing, sources told Bloomberg News.
Kaushalya Logistics IPO sets price band at ₹71-75 per share, GMP, issue details, key dates, more
26, Dec, 23Kaushalya Logistics IPO price band set at ₹71-75 per share, with a lot size of 1,600 shares. The IPO will open on December 29 and close on January 3. Kaushalya Logistics IPO reserves 50% for QIBs, 15% for NIIs, and 35% for Retail Investors.