Reddit wants to raise $748M with IPO, sets value at $6.4B
Time to start spamming those reposts: Top users are getting early access to 1.76 million shares
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Access to.
But I don’t think I know a single redditor who got the offer who is buying. I’m not.
It seems like these tech IPOs happen when they are at their peak. Get a huge influx of extra cash once user growth starts to slow, pay off your early investors and then self-implode.
Are we at the huge influx of cash once growth slows stage?
Well you definitely don't want to have an IPO after it's clear that you've already peaked and there is no way to gain more users or squeeze value out of the existing ones.
Somewhere, Spez is facepalming for exactly this reason.