Reddit Shares Indicated To Open Between $47 And $48 Each Vs IPO Price Of $34 Each
Portfolio Pulse from Benzinga Newsdesk
Reddit shares are expected to open between $47 and $48, significantly higher than the IPO price of $34, according to Reuters.
March 21, 2024 | 5:11 pm
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Reddit shares are set to open much higher than their IPO price, indicating strong market demand.
The significant gap between the expected opening price and the IPO price suggests a strong demand for Reddit shares. This bullish sentiment is likely to attract more investors, potentially driving the price even higher in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100