What will be the Reddit IPO valuation first day of trading
TechnologyStocksSocial MediaRedditIPO valuation
Basic
44
Ṁ14k
resolved Mar 21
100%98.1%
7.5b-10b
0.0%
<2.5b
0.6%
2.5b-5b
1.1%
5b-7.5b
0.1%
10b-12.5b
0.0%
12.5b-15b
0.0%
>15b
0.0%
No IPO 2024

This market will resolve according to Reddit's IPO market cap at the close of the first day of trading.

Get Ṁ600 play money

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https://www.cnbc.com/2024/03/21/reddit-ipo-rddt-starts-trading-on-nyse.html

The stock opened at $47 and reached a high of $57.80, marking a 70% increase at its peak for the day. It closed at $50.44, giving the company a market cap of about $9.5 billion.

bought Ṁ100 5b-7.5b YES

https://www.cnbc.com/2024/03/01/reddit-seeking-a-valuation-of-up-to-6point5-billion-in-ipo.html

bought Ṁ5 2.5b-5b YES

i will buy puts as soon as they are public

bought Ṁ10 5b-7.5b YES

They seem to have >50M daily active users, and other companies valuations are often >$100/DAU.

@Thomas42 they have >50M DAUs with 90% of them being bots. Bot traffic in reddit is insane

@trixwit i agree with u in my intuition, but do u have any hard data on this number?

related market: /CameronHolmes/will-reddits-market-cap-on-ipo-exce

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