Reddit Shares Indicated To Open Between $50/Share On 1,278,788 Shares Vs IPO Price Of $34/Share On 22M Shares
Portfolio Pulse from Benzinga Newsdesk
Reddit's shares are indicated to open at $50 per share on 1,278,788 shares, significantly higher than the IPO price of $34 each.
March 21, 2024 | 4:01 pm
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POSITIVE IMPACT
Reddit's shares are opening at $50, a substantial increase from the IPO price of $34.
The significant opening price above the IPO indicates strong investor interest and market confidence in Reddit, likely leading to a positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100