Online broker eToro has issued an update to traders regarding Reddit’s upcoming initial public offering (IPO).
$RDDT is a huge network of communities where people can dive into their interests, hobbies and passions. From thought-provoking discussions to the latest trends and memes, Reddit has something for everyone. With millions of active users worldwide, it’s a platform where content is king and the voice of the community shapes the narrative.
Availability will initially be for the unleveraged BUY direction only.
There are several things that must be in place before eToro can make this stock available for investment:
- The stock must be listed on the stock exchange after the initial public offering. Typically, the availability of shares for investment after an IPO does not begin at the opening bell, but until later in the “trading” session.
- Liquidity providers should have sufficient liquidity of the stock in order to allow eToro to open the asset for traders. Until then, you can add it to your watchlist.
With the above in mind, along with a combination of very high demand here at eToro, it may take up to a few hours to gain access to the eToro platform after the anticipated IPO.
$RDDT will be open for trading tomorrow, March 21, as conditions permit. The initial price offered on eToro may differ from the IPO price.