Will Reddit's share price go below its IPO level ($34) or above double its IPO level ($68) first?
27
620Ṁ2562resolved Mar 26
1H
6H
1D
1W
1M
ALL
100%94%
Above $68
6%
Below $34
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.
This question is managed and resolved by Manifold.
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