The initial public offering (IPO) of Reddit has drawn attention to IPO ETFs.The "American subreddit" Reddit made its debut on the New York Stock Exchange under the ticker symbol "RDDT". The stock was initially priced at $34 per share, but opened at $47 on its first day of trading, marking a 38.2% increase.By the close of trading, Reddit's stock soared by 48% on its first day, marking the first IPO for a social media company since Pinterest's debut in 2019. Reddit's performance upon listing will serve as a significant window into observing the state of the IPO market's recovery within the tech industry.What are IPO ETFs?IPO ETFs are exchange-traded funds primarily invested in stocks of companies that have recently gone public through an IPO. These ETFs provide investors with diversified por
ALAB Pullback? Time to Add or Exit?
Astera Labs rose to $95 but then pulled back with the broader market. ---------------- Is a good time to add or exit? Backed up with big guys, will the chip company repeat trend of ARM? What's your target price for Astera Labs?
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