Reddit Shares Indicated To Open Between $49.5-$50.5 vs IPO Price Of $34
Portfolio Pulse from Benzinga Newsdesk
Reddit's shares are expected to open between $49.5 and $50.5, significantly higher than its IPO price of $34, according to Reuters.
March 21, 2024 | 4:50 pm
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Reddit's shares are anticipated to open between $49.5 and $50.5, surpassing the IPO price of $34.
The significant gap between the expected opening price range and the IPO price suggests strong investor interest and market confidence in Reddit, likely leading to a positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100