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Reddit wants to raise $748M with IPO, sets value at $6.4B (go.theregister.com)

submitted 7 months ago by jeze@lemm.ee to c/technology@lemmy.world

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[–] merc@sh.itjust.works 10 points 7 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 7 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.