The long awaited Reddit IPO took place this week.
The IPO was completed at a price of $34, but by the start of the first day of trading the price was significantly higher. On the first day, shares traded between $45.05 and $57.80.
What will happen next? Will the shares fall below the initial IPO price of $34 or will they rise to double the IPO price and reach $68?
The source for this market will be Google's price page here:
https://www.google.com/finance/quote/RDDT:NYSE
If that shows a low below $34.00 or a high above $68.00 on any day, the market will resolve on that basis.
1,000I created this market in error - this should have been a market that only resolves to one answer rather than the YES and NO options acting independently of each other...
@RS I caught this when you were the only trader. You should be able to trade on the fixed version of the market below, but let me know if you ended up worse off and I'll send you a Managram for any difference!
/SimonGrayson/will-reddits-share-price-go-below-i-1b5aff888bfd