Reddit and weep! Reddit, Inc. stock (RDDT) fell as much as 10% today, following yesterday's 48% soaring debut on the New York Stock Exchange, a potential signal that the IPO market may be back in business. Reddit initially priced its 22M share offering on March 21st at $34 for a $6.4B #valuation. With more than 47M shares exchanging hands, the stock closed at $50.44. Reddit has 19 years in business. It gained significant popularity during the 2021 GameStop and meme-stock frenzy when sub-Reddit WallStreetBets investors took on the Wall Street giants. According to a Seeking Alpha news report, "Wildly popular subreddits r/WallStreetBets and r/stocks are bearish on the stock and have expressed eagerness to short it, calling it a 'pump and dump scheme.'" With an average of 73M daily active users and ~1B cumulative posts, will Reddit continue to capture market share, or is it just another meme stock itself? Reddit, Inc. #stocks #IPO https://lnkd.in/eVwY-sn7
Leslie Osmond, MBA’s Post
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🚀 New Video Alert: Unpacking Reddit's IPO with AI TICKER CHAT 🚀 In our latest video, Daniel dives deep into Reddit's recent IPO, providing a comprehensive analysis of RDDT stock, currently trading at $34 per share. Leveraging AI TICKER CHAT's unparalleled access to SEC filings in real time, Daniel uncovers the challenges and opportunities facing Reddit as it embarks on its public journey. AI TICKER CHAT, your AI Co-pilot for stock research, brings its AI Predict capabilities into play, forecasting revenue growth, operating margins, and valuation with a nuanced touch. Discover how Daniel uses our platform to decode financial complexities and assess the future trajectory of RDDT stock. Don't miss out on gaining these valuable insights! Watch the video now: https://lnkd.in/g45ZU3zc For more in-depth analysis and to start your journey with your AI Co-pilot, visit us at https://aitickerchat.com. Sign up today and enjoy the first month free with the code FREE1MONTHTRIAL. Plus, our new GPT is available for free to ChatGPT+ subscribers at https://lnkd.in/gGWwNrBT.
REDDIT IPO: HOW TO VALUE RDDT STOCK? CHEAP?
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AI Data Lifts Reddit's Successful IPO - Alex Wilhelm, Rebecca Szkutak Reddit, Inc.'s IPO sees 48% surge. Despite losses, its AI data potential excites investors. FTC probes data licensing. Successes hint at tech IPO resurgence; Nasdaq high signals optimism for future offerings. #Reddit #IPO #StockMarket #Investors #AI #Data #FTC #Regulation #Nasdaq #TechIPO
Reddit stock closes up nearly 48% on its first day of trading | TechCrunch
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Reddit, Inc. stock spiked on its first trading day, closing at $50.31 — 48% above its IPO price. Reddit is a goldmine for AI training data, its future growth looks promising. #RedditIPO #StockMarket #AI #MachineLearning #Investing #GrowthStocks
Reddit stock closes up nearly 48% on its first day of trading | TechCrunch
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Pre-IPO Stock Market Update | week ending Oct 18, 2024 | in this report: • Page 2: AG Dillon Anduril Pre-IPO Stock Fund now accepting investors. Fund docs and wires due on Dec 15, 2024. Financial advisors only. • Page 3-5: SpaceX hits milestones with Starship, Science Corp targets brain-computer interfaces, Stripe to acquire Bridge for stablecoin growth, Databricks partners with Amazon for AI chips, Klarna integrates Apple Pay for payments, SHEIN adds bankers to London IPO, Hugging Face grows AI developer platform, OpenAI tests ChatGPT Windows app, X updates policy to monetize user data • Page 6: This Week in Pre-IPO Stocks Podcast • Page 7: AG Dillon Pre-IPO Stock Vintage Index update • Page 8: Current pre-IPO stock secondary market implied valuations • Page 9-10: Pre-IPO Stock revenue multiples • Page 11: Pre-IPO stock secondary market performance
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Some quick thoughts and notes while reading through the Cerebras S-1, with Aman Kabeer Themes: * The chip wars * Timing is everything? * The return of the small IPO? * Growth vs profitability * Hardware vs software * Revenue concentration
Quick S-1 Teardown: Cerebras
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What does the internets favorite chatroom, Chat GPT, and the Stock Market have in common? A lot more than you may think.... Check out our latest post breaking down the Reddit IPO and how you can leverage it in your job search! https://lnkd.in/gP9UfYsG
The Reddit IPO: What you need to know (hey that rhymes)
bluechipstudent.com
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Pre-IPO 2.30% for week, +21.18% for last 1yr | Pre-IPO Stock Market Update – Apr 1, 2024 - Week winners: Ramp +32.0%, Scale AI +13.6%, Revolut +5.7%, Anthropic +4.1%, Chainalysis +3.5% - Week losers: Discord -5.6%, Groq -2.64%, Chime -1.6%, Cohere -1.6%, Databricks -1.2% … we picked up research coverage of Groq this week - Top valuations: ByteDance $285b, SpaceX $187b, OpenAI $96b, Stripe $94b, Databricks $41b … We got our hands on some new data … the actual share price of the last primary rounds. Where we have that data it is now included and it has materially impacted several companies’ implied secondary market valuations. Make sure to look at the full report to understand the company by company impact. Invest in pre-IPO stocks with AG Dillon Funds - www.agdillon.com
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Pre-IPO 2.30% for week, +21.18% for last 1yr | Pre-IPO Stock Market Update – Apr 1, 2024 - Week winners: Ramp +32.0%, Scale AI +13.6%, Revolut +5.7%, Anthropic +4.1%, Chainalysis +3.5% - Week losers: Discord -5.6%, Groq -2.64%, Chime -1.6%, Cohere -1.6%, Databricks -1.2% … we picked up research coverage of Groq this week - Top valuations: ByteDance $285b, SpaceX $187b, OpenAI $96b, Stripe $94b, Databricks $41b … We got our hands on some new data … the actual share price of the last primary rounds. Where we have that data it is now included and it has materially impacted several companies’ implied secondary market valuations. Make sure to look at the full report to understand the company by company impact. Invest in pre-IPO stocks with AG Dillon Funds - www.agdillon.com
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🚀 Reddit stock is 3X since its IPO. If you read the #onStrategy newsletter you should have known this by now. Here is what I wrote on 29th February 2024: "[...] I am bullish about the company because: 1/ It has 850 million MAUs and 70 DAUs, making it the 7th most visited website in the USA, well above Amazon and Netflix 2/ It has a data sharing agreement with Google for AI training (worth 60m) 3/ In the end, I estimate that AI models will become a commodity and the real gold will be training data and Reddit will be the best positioned to take this advantage. " Source: https://lnkd.in/dfiBs6kp
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Why the stockmarket is disappearing Large companies such as ByteDance, OpenAI and Stripe are staying private ***Stockmarket dwindling: Fewer company listings and a surge in private-equity funds are causing the stockmarket to shrink. ***Top companies stay private: ByteDance, OpenAI, Stripe, and SpaceX are among those with huge valuations, yet they remain private. ***Founders have more options: Private-equity funds offer attractive alternatives, reducing the pressure for founders to go public. ***Policy implications: The vanishing stockmarket could affect support for business-friendly policies, as voters benefit less from corporate profits. 💡 Take action:Stay informed about the evolving financial landscape and its potential impact on business policies. Share this article with your network to spark conversations about the future of the stockmarket and its implications for investors, founders, and policymakers. 💬 Share your thoughts: #VanishingStockmarket, #PrivateEquity, #CompanyFounders, #BusinessPolicies 🔗 Get the full article here: https://lnkd.in/dwWVU_Sd
Why the stockmarket is disappearing
economist.com
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