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Reddit is aiming for a valuation of up to $6.5 billion in its IPO, with stock-trading enthusiasts known for backing companies now supporting Reddit. The IPO is seen as a unique development in the meme-stock saga, with potential twists and a return of 'junk stock IPOs.'
Reddit IPO offers ‘unprecedented’ twist in meme stock saga, says @Firstrade - my story for @MarketWatch #Reddit #RedditIPO #IPO https://t.co/pOdy5t4HmT
Why Reddit’s IPO could offer an ‘unprecedented’ twist in meme-stock saga https://t.co/ut0aQ3jdjx
Reddit’s offering marks return of ‘junk stock IPO,’ New Constructs says https://t.co/tsep7o8q69
