Is IPO Stock Reddit a Buy Now? [Yahoo! Finance]
Similarweb Ltd. Ordinary Shares (SMWB)
Company Research
Source: Yahoo! Finance
The firm priced shares at $34 before going live on March 21. IPO stocks are tricky investments for retail investors, who don't often get access to shares until they go public. That is, unless you're among the fortunate Reddit users, called Redditors, who were furnished with pre-IPO shares by the company as a thank you for helping its site grow. Since reaching its high, Reddit's stock price returned to earth, trading around $43 at the time of this writing. Does this drop create a buy opportunity? Answering that question requires a closer look at the company. Let's dig into where Reddit is at currently to evaluate its potential as a long-term investment Reddit's strengths Founded in 2005, Reddit gained popularity as a platform where users can form online communities around different topics, known as subreddits. The company had over 100,000 subreddits at the end of 2023. This helped Reddit become one of the top 10 most-visited websites in the U.S. last year, according to onli
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SMWB
Earnings
- 5/7/24 - Miss
SMWB
Sec Filings
- 5/10/24 - Form F-3
- 5/7/24 - Form 6-K
- 3/8/24 - Form 144
- SMWB's page on the SEC website