Reddit has officially started trading. 63% up from listing price. 📈

I got alloted the IPO. It's my first time. I had researched about the company and looked good to me. After reading a lot(and overthinking!) had decided to go for it. The share is listing tomorrow soo what are the sentiments and predictions of listing price?😛

- Shares of kids-focused omnichannel retailer FirstCry made a strong debut on the exchanges today, opening higher than the issue price. - On the NSE, shares of FirstCry’s parent Brainbees Solutions opened at INR 651, at a premium of 40% over its issue price of INR 549. On the BSE, it listed at INR 625, reflecting a 34.4% premium. - FirstCry has set a price range of INR 440 to INR 465 per equity share for the IPO. At the upper end of the band, Brainbees Solutions intends to raise INR 4,193 Cr. - The omnichannel baby and kids marketplace raised INR 1,885.82 Cr from anchor investors at INR 465 per equity share, with participation from major investors like the Government of Singapore and Abu Dhabi Investment Authority. - FirstCry’s market capitalization stands at INR 6,934.74 Cr as of today. Source: [Inc42](https://inc42.com/buzz/firstcry-shares-list-at-40-premium-over-ipo-price-on-debut/)

- Unicommerce eSolutions Ltd made a strong debut on the NSE, listing shares at Rs 235 each, a 117.6% premium over the IPO price of Rs 108. - The IPO, a book-built issue of Rs 276.6 crore, was open for subscription from August 6 to August 8 and was subscribed 168.35 times by the last day. - Retail investor portion was subscribed 130.9 times, QIBs 138.75 times, and NIIs 252.46 times. - The IPO is entirely an offer-for-sale of 2.6 crore shares, with a price band set between Rs 102 and Rs 108 per share. - Established in February 2012, Unicommerce eSolutions operates a SaaS platform that streamlines e-commerce operations for brands, sellers, and logistics providers. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/unicommerce-esolutions-makes-stellar-market-debut-as-shares-list-at-118-premium-12794689.html)

Nifty again at ATH, 5% up since I last posted the update. 1000 point move in 11 days, already. How high will it go?

- Reddit has climbed to the top of Google results following a series of updates by the search giant. - Reddit, which held its IPO in March, needs to convince a growing number of those visitors to register for official accounts, as so-called logged-in users generate much higher rates of ad revenue. - Shares of Reddit have dropped 26% since reaching a high point last month. - Reddit's user base increased 51% in the second quarter to 91.2 million, outpacing ad revenue growth of 41%. - Reddit's business comes almost entirely from digital ads, at least for the moment. Source: [CNBC](https://www.cnbc.com/2024/08/14/reddits-increased-reliance-on-google-traffic-has-wall-street-anxious.html)