REDDIT: HOW TO VALUE RDDT STOCK? CHEAP IPO?

In this video I cover what does Reddit do (RDDT stock), and how I think about the valuation from here. At the time of this video recording RDDT stock price was indicated to trade at $34 per share.
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[@unrivaled]

REDDIT or RDDT STOCK is set to IPO later today. At the time of this recording the indicated price opening was expected to be around $34 per share, which could be compelling for speculative investors. In this video I discuss Reddit, what it is, understanding the business model, and how I think about the valuation. Personally, I think there are easier investments with less execution risk, but every investor has their own journey. For more ideas check out www.unrivaledinvesting.com

[@sburbank77]

Up 54% in the first hour of trading. A super hot IPO when the market is at all time highs. Whats the worst that could happen😂

[@unrivaled]

Exactly.

[@michaelmcwhirter]

So, invest heavily. 😂 (Just kidding)

[@sercan272727]

i think its a terrible investment but potentially a meme stock candidate. so excited about this one

[@petertratz8016]

The unrivaled letter + a video this is how weekend can start good. :)

[@unrivaled]

That's what I love to hear!

[@Barkotina]

Daniel, years go by and the market is at all time high. When low so we can buy?

[@andersbystrom1484]

As always, great video Daniel. Would love to hear your thought on Evolution AB. Believe it would fit the Unrivaled Investment framework. Exeptional management team, combo of physical and technical moat, scale advantages, global market leader, crazy margins, doing buy backs and paying dividends while still growing 20-30%. Definetly worth a look of you havent already. Oh they are in the Live Casino and Vid slots business 👌🏽

[@user-fz8yz5wv5r]

Thank you

[@Martin_Gark]

Thanks David, didn’t finish the video yet but already want to comment. Please feature your cat in a video some time 😊

[@ASenseofCapital]

I very much like that the IPO took place. Not because I'm interested in it as a potential investment, but as a business case in general. This board is clearly in the lead and in general very unique when comparing the product and services to other listed companies. Let's see how Reddit will execute.

[@davidgoldstein4565]

What a call

[@gio-jr3mb]

can you do a video on $MODG? don’t see many people talk about this stock and it seems super undervalued to me

[@PhiladelphiaT]

What are your thoughts on the recent Astera Labs IPO?

[@anyone2490]

Looking forward to a stoneco update, nice to see you were on the conference call! 👍

[@unrivaled]

Thanks for noticing! Yup, was on the call, have a call with the company next week and will write about it for my subscribers at www.unrivaledinvesting.com

[@Frogge.777]

Wait, you were ON the call? ​@@unrivaled

[@unrivaled]

Yup, one of the last questions. ;)

[@Frogge.777]

​@@unrivaledGotta go listen then. I didn't get through all the QS even though stoneco is my biggest holding.

[@anyone2490]

​@@unrivaledworks for me as a long-term subscriber 😊

[@MooseMeus]

50 million shares traded. maybe it dumps. maybe it pumps. that's a lot of volume though. options will be available on monday and i fully intend on trading them all day, everyday next week.

[@rtorcato]

I would’ve invested in reddit years ago, but so many competitors now. Another IPO where the high growth years are gone.

[@dxiri]

Reddit hasn't turned a profit since its founding. Enough said.

[@legendheromaye]

I'm from Nigeria 🇳🇬

[@Rsonicus]

It's Probably Overpriced (IPO)

[@dudea3378]

Great analysis! Did you see the LULU drop?! Would love to hear your thoughts!

[@unrivaled]

Working on it now! 5 Minutes

[@dudea3378]

@@unrivaledMAN you are fast! 😁

[@mattanonysaurousrex]

You make it seem like it being priced low is a bad thing for potential buyers. Is the reasoning that strong IPOs that end up successful don't do this? I would have to see some data to believe that. Given the choice I would rather buy it when it's underpriced. Either way I'm not investing in RDDT. Too many other companies that have proven results which you can get the same returns I estimate RDDT could get.

[@unrivaled]

Not bad for the buyers, but for the company / sellers as it's profits / $$ that they missed out on because of Wall Street games.

[@user-lj8ep9yc4u]

Absolute crap, it's share price will likely mimic the disastrous twitter as a public company.

[@stutzpunkt]

I’m a heavy reddit user. It’s a cesspit 😂

[@unrivaled]

Thanks for sharing.

[@investwithjiri]

I was doing some analysis on the stock recently and it's damn overpriced.

[@brunokenney7878]

Looks like you were incorrect in your opinion. That's okay because I value your opinion.

[@unrivaled]

Thanks for your feedback. I'm not sure what you mean? I suggested that Wall Street would likely cause it to pop higher than the initial indicated price of ~$34 and it closed at $50.44 on the first day of trading.

[@brunokenney2437]

​@@unrivaledthis is more than a pop. I'm out at $52 and made a little profit. Buying puts with profits. I said you were incorrect in your not not investing in reddit as of now