Madison_rogue@kbin.socialtoReddit Migration@kbin.social•Reddit revenue rises 20% ahead of IPO, but it isn’t profitable yet
0·
9 months agoIPOs are typically a cash grab. Stock is offered for purchase at a price, and usually there’s a bump in price. The first investors will sell for a profit at peak price, and then it will drop to whatever value the market decides. And that could be higher or lower than the initial price per share.
Seems ignoring the warning signs for the bridge is a long standing tradition amongst Maryland politicians.