Reddit is expected to have an Initial Public Offering (IPO) of shares on March 21st.
The IPO price per share is estimated to be between 31 and 34.
Will the share price on the open secondary market be at least 10% higher than the IPO price at closing on March 28th, a week after the IPO date?
https://www.cnbc.com/2024/03/01/reddit-seeking-a-valuation-of-up-to-6point5-billion-in-ipo.html
🏅 Top traders
| # | Name | Total profit |
|---|---|---|
| 1 | Ṁ241 | |
| 2 | Ṁ225 | |
| 3 | Ṁ80 | |
| 4 | Ṁ77 | |
| 5 | Ṁ75 |
@traders Well, this clearly resolves Yes.
I want to note that the probability was at around 30%, up until the time of the IPO when shares jumped up to around $45. So let’s not congratulate ourselves too much on this one, Manifold! 😜
Should be closer to a coin flip.
Related market about the price the day after IPO (it's at about 50%)
https://manifold.markets/GCS/will-reddit-stock-close-above-ipo-t