this post was submitted on 11 Mar 2024
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Reddit wants to raise $748M with IPO, sets value at $6.4B (go.theregister.com)
submitted 11 months ago by jeze@lemm.ee to c/technology@lemmy.world
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[–] merc@sh.itjust.works 10 points 11 months ago (1 children)

It's almost certainly going to do well enough that the VCs and insiders will be able to cash out. The founders will be centi-millionaires. But, people who buy in at the IPO price, I wouldn't be surprised if they lose a lot of money.

[–] QuarterSwede@lemmy.world 4 points 11 months ago

I’m not investing because fuck you Spez and wallstreetbets is certainly going to have a field day. I can’t wait for popcorn time.