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Is This Recent IPO Stock a Buy Now?

TheMotleyFool

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Initial public offerings (IPOs) can be great opportunities for investors. After all, getting in on a stock on the ground floo -- or close to it -- can be an excellent way to generate big returns over time. However, not all stocks go on to be winners after their debuts.

Take Reddit (NYSE: RDDT), for example. Its IPO this spring drew considerable enthusiasm. But the stock has charted a volatile course since then, and it's natural to question: Is it a buy now or not?

Image source: Getty Images.

Source Fool.com

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