Reddit Shares Indicated To Open Between $48-$49 Each vs IPO Price Of $34
Portfolio Pulse from Benzinga Newsdesk
Reddit shares are expected to open between $48-$49, significantly higher than the IPO price of $34, according to Reuters.
March 21, 2024 | 5:06 pm
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Reddit shares are anticipated to open between $48-$49, surpassing the IPO price of $34.
The significant gap between the expected opening price range ($48-$49) and the IPO price ($34) indicates strong investor interest and market confidence in Reddit, likely leading to a positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100