David Kaufman, Nathan Viehl Discuss Reddit’s Initial Stock Performance

Thompson Coburn partner David Kaufman was quoted in an Investing.com article on Reddit’s market debut and skepticism from users of the social media platform related to concerns about its profitability and its long-term performance “Although it seems like Reddit lacks a proven profit business model, its brand name may prove to be a winner in the stock market game,” said David. “Together with a lack of other exciting IPOs, or any IPOs at all, consumers may flock to grab onto this name brand in an effort to get some outsize one or two-day returns, as evidenced by the one-day pop.”

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In another Investing.com article, Thompson Coburn partner Nathan Viehl was quoted on Reddit’s share prices. Nathan said that Reddit’s “successful first day of trading and the sustained momentum into Monday are a breath of fresh air for the software and technology investment community.” He added, “After two years of tightening valuations and even some wholesale questioning of the venture capital funding model, if Reddit’s share price can sustain momentum, look for the IPO queue to open up.”

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