I’m not into investing, so sorry if this doesn’t make sense.
With all the drama and news surrounding Reddit recently, why is Reddit making such bad decisions when they are about to go public? With all of their negative decisions they’ve been making recently, wouldn’t all the bad press make their IPO worse? Are they trying to maximaze their profits to make their company seem better to investors when they go public?
Absolutely risky, but most of the initial holdings are from employees. And they all usually sell a large share of their assets when they are cleared and able to do so. That also helps tank the IPO price.
Generally IPOs are risky. Always good to wait like at least a month or 2. Usually a year to let level.