Resolves to a percentage if the announced initial price is between 1-100, and resolves to 100 if it is $100 or more
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looking like somewhere 30-35
https://www.cnbc.com/2024/03/01/reddit-seeking-a-valuation-of-up-to-6point5-billion-in-ipo.html
@strutheo from memory and the largest tech IPOs in the last few years, when there is this much buzz they usually end up pricing it above the rumoured range.
I think they are expecting good demand based on how the S-1 filing was received, the news about licensing of content to LLM providers, and the expected boost from retail investors.
@strutheo personally I think it's not that fun to predict as it is essentially arbitrary
broadcom has ~0.46 billion total shares at 637 billion market cap
walmart has ~8 billion total shares at 471 billion market cap
so there's a 23x difference in share price between those two which breaks down into 1.35x company performance and 17.36x arbitrary decision
@draaglom fair enough! i wasnt sure if there was a way people went about this, i certainly was curious what it will be