Will Reddit’s share price be at least 10% higher a week after the IPO?

Question

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

Manifold Markets · Accepted Answer

Yes — resolved on Mar 28, 2024 by Manifold Markets prediction market.