Reddit prices IPO at $34 per share. r/wallstreetbets predicts it will tank. from Mashable
Reddit has priced its initial public offering (IPO) at $34 per share, reaching the top of its initially expected price range and hitting its target valuation of $6.4 billion. According to the Redditors at r/wallstreetbets, the company should enjoy it while it lasts. The first significant social media IPO since Pinterest in 2019, Reddit’s stock…