This Hot IPO Can Double Again in 2025
Most of the companies that went public this year are struggling to stand out. Buying an IPO can be risky. However, 14 of the 186 debutantes of 2024 have more than doubled. Most of them are obscure, but one of this year's biggest rookie winners is a familiar household name.
Shares of Reddit (NYSE: RDDT) have more than tripled since the company went public at $34 in March. The online forum that bills itself as a community of communities is a standout of the 2024 IPO class. The shares are up 232% this year, the third biggest gainer among new offerings.
Reddit has momentum and improving fundamentals. Can it double again in 2025? Let's check out the bullish argument for the social platform to continue dominating the market in the year ahead.
Source Fool.com
