242
Reddit Advised to Target at Least $5 Billion Valuation in IPO
(www.bloomberg.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 29 Jan 2024
242 points (90.6% liked)
Technology
34124 readers
624 users here now
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
founded 5 years ago
MODERATORS
Can you short an IPO?
You can buy puts on the IPO price.
Only if their DMM enables options. There are many stocks without options. In that case, the only alternative would be to borrow shares from your broker and sell those shares instead. You’d then have an actual short position that could be recalled by the lender.
Either ways, I’d probably not touch it. I wouldn’t want the theta burn or the risk of getting recalled while price actions tries to figure out a direction.
Options don’t kick in for a week.
I like where your head is on this.