jeze@lemm.ee to Technology@lemmy.worldEnglish · 9 months agoReddit wants to raise $748M with IPO, sets value at $6.4Bgo.theregister.comexternal-linkmessage-square152fedilinkarrow-up1390
arrow-up1390external-linkReddit wants to raise $748M with IPO, sets value at $6.4Bgo.theregister.comjeze@lemm.ee to Technology@lemmy.worldEnglish · 9 months agomessage-square152fedilink
minus-squaremerc@sh.itjust.workslinkfedilinkEnglisharrow-up12·9 months agoIt’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.
minus-squareQuarterSwede@lemmy.worldlinkfedilinkEnglisharrow-up4·9 months agoI’m not investing because fuck you Spez and wallstreetbets is certainly going to have a field day. I can’t wait for popcorn time.
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.
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.