"Reddit's IPO Oversubscribed Five Times: What Investors Need to Know"
TL;DR Summary
Reddit's upcoming IPO is reportedly four to five times oversubscribed, indicating strong demand and suggesting that the company is likely to meet its targeted price range of $31 to $34 per share when it goes public in New York on Wednesday, according to Reuters sources.
- Reddit's IPO as Much as Five Times Oversubscribed, Reuters Says Bloomberg
- Exclusive: Reddit's IPO as much as five times oversubscribed, sources say Reuters
- Reddit IPO: What to know as shares go up for public sale The Associated Press
- Reddit's Long, Rocky Road to an Initial Public Offering The New York Times
- Reddit's IPO as much as five times oversubscribed: report Fox Business
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
0 min
vs 1 min read
Condensed
13%
52 → 45 words
Want the full story? Read the original article
Read on Bloomberg