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Reddit: Return Of The Junk Stock IPO (www.forbes.com)

submitted 10 months ago by [email protected] to c/technology

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[–] [email protected] 17 points 10 months ago* (last edited 10 months ago) (2 children)

Stocks are basically a percentage of ownership. The share price as a dollar amount is meaningless because it could be 1% of a company or 0.000000001%. The relevant number here is that Reddit is IPOing at a valuation of $5 billion (that stock buys a ¹⁄₁₅₀₀₀₀₀₀₀ interest), which all I can reply with is hahahahahahahaha

[–] [email protected] 6 points 10 months ago

I am aware. It's valuation was in the article.

[–] [email protected] 1 points 10 months ago

Well, either two values give the third. All one's gotta know is two of: valuation, price per share, number of shares.