Reddit Said to Price IPO at $34 a Share, in a Positive Sign for Tech | Hacker News Reader

Reddit Said to Price IPO at $34 a Share, in a Positive Sign for Tech

nytimes.com

18 pointsvinni214 comments

Worth it? I'm leaning towards 'not worth risking it' since I don't have a real sense of the long term value of the company, so the only thing would be trying to get in on the 'pop'.

have you ever seen an IPO not plummet immediately after opening? serious question, i wouldn't call myself an experienced investor but i never have. i wouldn't touch any IPO with a 10ft pole, especially not a company like reddit who has publicly admitted to not being profitable.

Sometimes they go up because it 'looks good' to have them do that. Seems like really expensive advertising for the company to me to leave money on the table like that, but it is a done thing.

Ebay was up 163% on the morning it went public and then continued to rocket for weeks after.

Broadcast.com was even better, up 250% during its first day on the stock exchange.

Those were a long time ago though... when's the last time went crazy like that?

Many of the 2021 IPOs - HOOD, COIN, etc.

It's fairly common to 'pop', I would have said somewhat more common than a plummet (at least for real IPOs of real companies, ie not SPAC mergers or similar nonsense).

Looks like reddit did indeed popped. I ended up being cautious and not going for it. Oh well...

Reddit is a lot of things, but not what I think of as a tech company. It's occupies a virtual space somewhere between a library and a conference center.

Any word from the 'Blackcat' group that said they would leak sensitive info at the IPO? They exfiltrated like 80gb of data a year or so ago.

Well /r/wallstreetbets certainly seems stoked though for a variety of reasons

Glad we could all spend years creating that juicy AI training content so Reddit can get paid! /s

One has to wonder how valuable that data will be going forward as many power users have left the site and the posts/comments are filling up with more AI-generated nonsense.

This thread, for example, is on the HN front page right now: https://old.reddit.com/r/Physics/comments/1bii6h4/if_gravity...

Reading the comments, I would say there are plenty of intelligent users still on the platform willing to continue contributing for free.

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