@strutheo This resolves 34%, right?

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.

wow a lot of uncertainty still - not even a prediction based on other ipos? i guess social media is a bit weird

@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

bump who wants to go first

related /strutheo/what-will-be-the-share-price-of-red