Reddit’s IPO is coming, making it the first major social platform in years to take the plunge into public markets. Reddit’s initial stock price of $31 to $34 a share and valuation of up to $6.4 billion has been revealed in a new S-1 filing, as we find out more details about what’s to come. But as it looks to leverage its own community to build hype around the stock a la GameStop and AMC, could Reddit be setting itself up for disappointment?
Learn more about Reddit’s S-1 here: https://tcrn.ch/3PiRLi9
And its potential as another meme stock here:
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