Resolves YES if Reddit stock closes higher then their IPO price the day after they go public.
Resolves NO otherwise.
IPO price was $34
I'll check the close price on 03/22 here
https://www.google.com/finance/quote/RDDT:NYSE
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@GCS Cause Manifold doesn't have sell orders yet. You can use limit orders as sell orders but you have to have the balance or else they're canceled even if they're selling and not buying.
Probably a James design choice.
@GCS volatile, yes fairly likely. Volatile to the extent of losing 33% of value? That rarely happens and if 4 or 5 times oversubscribed, what is going to change the valuation that much?
Good point Chris. Everyone note that this market resolves to the close price tomorrow. Now is the time to unwind if you misread.
@ChristopherRandles it's not likely but it doesn't need to be for NO to still be a good buy. 2-3% is very low probability