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| Name | Reddit IPO risks 'big runup' followed by 'a drop' in the stock price, VC investor says |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 14-03-2024 18:25:19 |
| Video Discription | 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 About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
| Category | News & Politics |
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