What will be the Reddit IPO valuation first day of trading
44
1.9kṀ14kresolved 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.
This question is managed and resolved by Manifold.
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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.