🏅 Top traders

@MikeChenSF

Reddit’s public market debut on Thursday, under ticker symbol “RDDT"
Reddit prices IPO at $34 per share in first major social media offering since 2019

@SirCryptomind is it available to the public for trading?

@MikeChenSF It is now

Report: Reddit Sets an IPO Date, Price Range

The founder-run social message-board site is readying for a pre-IPO roadshow and will open on the NYSE on March 21.

Where are all these trades coming from?

Haven’t really thought this out, but you know how folks used Reddit chat to affect real markets for GameStop. Could users on manifolds affect whether or not Reddit actually IPOs based on what we say the probability is?

https://g.co/gemini/share/1393cda03fa3

https://www.sec.gov/Archives/edgar/data/1713445/000162828024006294/reddits-1q423.htm

S-1 just hit.

@ByrneHobart what does this mean about timing?

Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement.

@MikeChenSF It's usually a few weeks, e.g. TBBB filed on 1/18 and priced on 2/9. (F-1 not S-1 because they're a foreign issuer, but they're the closest to Reddit's size among recent IPOs.)

https://www.theinformation.com/articles/reddit-aims-for-ipo-in-second-half-as-markets-gears-quietly-turn

Looks like they'll have an IPO later than expected.

@bohaska That article is from 2023

More recent article: https://www.reuters.com/markets/deals/reddit-seeks-launch-ipo-march-sources-2024-01-18/

@houstonEuler ok looks like i was an idiot

@bohaska It's happened to me before too, which is why I guess I check dates more diligently now.