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Reddit’s Imminent IPO Faces Risks From the FOMC Meeting, “VIXperation,” and WallStreetBets

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Reddit IPO WallStreetBets

Reddit's upcoming IPO might end up as one of the most acrimonious public listing events in recent memory, threatened not only by the hordes of salty traders on the WallStreetBets forum but also by a confluence of risk events in the form of a meeting of the Federal Reserve's FOMC and the expiration of options on the market's fear gauge - the VIX contract. $RDDT ❖ Reddit disclosed the financial details of its initial public offering. The social-media company said Monday it plans to issue 22 million shares of its class A common stock at a price of $31 to […]

Read full article at https://wccftech.com/reddit-imminent-ipo-faces-risks-from-the-fomc-meeting-vixperation-and-wallstreetbets/

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