Reddit IPO risks 'big runup' followed by 'a drop' in the stock price, VC investor says

As investors await the highly anticipated Reddit IPO, some are expressing concerns about the stock's potential performance. Headline Venture Partner Kamran Ansari joins Yahoo Finance Live to share his outlook on the IPO.
Ansari suggests that "the story's been told" when it comes to Reddit's stock, as the company expects 20% sales growth, which he believes will do "not a lot" to stimulate investor appetite. However, he notes that Reddit has been priced attractively, likely to "create appetite for the IPO" and leave room for some upside.
Highlighting Reddit's unique characteristics, Ansari describes it as "a throwback site," with its user interface and design resembling a platform for discussion. He points out an "unusual" aspect of the IPO: Reddit is offering its daily users, or "Redditors," 8% of the stock without a lockup period. This move could potentially create increased volatility in the stock and force Reddit to become "a meme stock," Ansari explains.
#reddit #youtube #stockmarket
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[@dailydrivenmuscle.]

Reddit is trash...if you speak your mind you get down voted...so whats the point. Then you cant leave comments...lol

[@thez828]

That’s the reason I stopped commenting