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$Seatrium Ltd (5E2.SG)$ have fate people, never give up. I already lost so much might as well ride it out and see how it goes
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By Julianna
Reddit, the home of WallStreetBets, announced on Wednesday that it has confidentially submitted a draft registration statement with the SEC to go public.
The San Francisco-based company did not determine the number of shares to be offered and the price range for the proposed offering. The listing is expected to occur after the U.S. SEC completes its review process, subject to market and other conditions.
Reddit was valued at $10 billion by investors in a funding round this summer, didn't disclose what valuation it would seek in the IPO.
--- according to Bloomberg, 'Reddit is raising funding at a $10 billion value' published in this August.
At the time of that funding round, the company said that it had reached $100 million in advertising revenue during the second quarter of 2021, up 192% from a year prior.
Learn more about the company profile and details about the IPO: Reddit confidentially filed for IPO and seek $15 bln valuation
2021 Meme Stock Frenzy
Reddit saw a surge of interest this year after a forum on the site, WallStreetBets, jolted the stock market. The WSB community currently have 11.3 million members (they usually call themselves 'retards', 'degenerates', 'apes'). The trading frenzy, driven largely by post on the site, whipsawed the prices of $GameStop (GME.US)$, $AMC Entertainment (AMC.US)$, and silver. The result was a rewriting of the previously understood rules of Wall Street trading.
Want to know what WSB is disscusing today? Check out: WallStreetBets top 10 ticker sentiment 12/16: TSLA, AAPL, NVDA and more
2021 Top 3 Most Popular Post on WSB
Top 1: Times Square right now- 445k in votes, 13.2k in comments
Top 2: We got SUPPORT- 323k in votes, 12.9k in comments
Top 3: GME YOLO- 287kin votes, 23.5k in comments (YOLO*: "you can only live once")
Comments from WSB degenerates about the IPO
*Karma: rewards points that users could gain after thier posts or comments get upvoted.
What do you think about Reddit's IPO? Would you invest in the company?
Source: Reddit, PR Newswires, Bloomberg
Reddit, the home of WallStreetBets, announced on Wednesday that it has confidentially submitted a draft registration statement with the SEC to go public.
The San Francisco-based company did not determine the number of shares to be offered and the price range for the proposed offering. The listing is expected to occur after the U.S. SEC completes its review process, subject to market and other conditions.
Reddit was valued at $10 billion by investors in a funding round this summer, didn't disclose what valuation it would seek in the IPO.
--- according to Bloomberg, 'Reddit is raising funding at a $10 billion value' published in this August.
At the time of that funding round, the company said that it had reached $100 million in advertising revenue during the second quarter of 2021, up 192% from a year prior.
Learn more about the company profile and details about the IPO: Reddit confidentially filed for IPO and seek $15 bln valuation
2021 Meme Stock Frenzy
Reddit saw a surge of interest this year after a forum on the site, WallStreetBets, jolted the stock market. The WSB community currently have 11.3 million members (they usually call themselves 'retards', 'degenerates', 'apes'). The trading frenzy, driven largely by post on the site, whipsawed the prices of $GameStop (GME.US)$, $AMC Entertainment (AMC.US)$, and silver. The result was a rewriting of the previously understood rules of Wall Street trading.
Want to know what WSB is disscusing today? Check out: WallStreetBets top 10 ticker sentiment 12/16: TSLA, AAPL, NVDA and more
2021 Top 3 Most Popular Post on WSB
Top 1: Times Square right now- 445k in votes, 13.2k in comments
Top 2: We got SUPPORT- 323k in votes, 12.9k in comments
Top 3: GME YOLO- 287kin votes, 23.5k in comments (YOLO*: "you can only live once")
Comments from WSB degenerates about the IPO
*Karma: rewards points that users could gain after thier posts or comments get upvoted.
What do you think about Reddit's IPO? Would you invest in the company?
Source: Reddit, PR Newswires, Bloomberg
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Yesterday, The BAD Investment Company announced the launch of the $B.A.D. ETF (BAD.US)$. The indexed large-cap fund is designed to offer investors equally weighted exposure to the "BAD" market segments — betting (casinos, gaming, and online gaming operations), alcohol/cannabis (alcoholic beverage manufacturing and distribution and/or cannabis cultivation and sales), and drugs (pharmaceutical and biotechnology product development and manufacturing) — by providing investment results that closely track the performance, before fees and expenses, of the EQM BAD Index (BADIDX).
With the proliferation of whitewashed ESG products and market sub-segments like sports betting and cannabis becoming more widely accepted socially and legally, we saw an opportunity to fill what we perceived as a gap in the marketplace. We came to that conclusion primarily by listening and watching this newly energized retail crowd over the past year.”
--- said Tommy Mancuso, president and founder of the BAD Investment Company, which owns the EQM BAD Index that BAD will track.
“We believe they want investment products rooted in transparency and quality that they may also be able to understand and relate to as consumers whether that is in health, wellbeing, or entertainment.”
--- Tommy Mancuso added.
The fund's launch comes amid a frenzy of ESG-fund debuts. In December alone, $Goldman Sachs (GS.US)$, $Bank of New York Mellon (BK.US)$, $JPMorgan (JPM.US)$ and Cathie Woods Ark Investment Management have introduced ETFs with sustainable tilts. (ESG ETF: $GOLDMAN SACHS FUTURE PLANET EQUITY ETF (GSFP.US)$, $BNY Mellon Sustainable International Equity ETF (BKIS.US)$ , $JPMORGAN CLIMATE CHANGE SOLUTIONS ETF (TEMP.US)$, $ARK TRANSPARENCY ETF (CTRU.US)$ )
Top 15 Holdings of BAD
Our mission is to position ourselves in a unique manner compared to most fund management companies. It's our opinion that we don't think or dress like the typical 'suit,' but are fully capable of harnessing the expertise and insights of Wall Street to provide strategically designed investment products.”
--- Tommy Mancuso said.
The expense ratio of BAD will be 0.75%.
Do you perfer ESG ETF or this anti-ESG ETF?
Source: The BAD Investment, Businesswire, Bloomberg
With the proliferation of whitewashed ESG products and market sub-segments like sports betting and cannabis becoming more widely accepted socially and legally, we saw an opportunity to fill what we perceived as a gap in the marketplace. We came to that conclusion primarily by listening and watching this newly energized retail crowd over the past year.”
--- said Tommy Mancuso, president and founder of the BAD Investment Company, which owns the EQM BAD Index that BAD will track.
“We believe they want investment products rooted in transparency and quality that they may also be able to understand and relate to as consumers whether that is in health, wellbeing, or entertainment.”
--- Tommy Mancuso added.
The fund's launch comes amid a frenzy of ESG-fund debuts. In December alone, $Goldman Sachs (GS.US)$, $Bank of New York Mellon (BK.US)$, $JPMorgan (JPM.US)$ and Cathie Woods Ark Investment Management have introduced ETFs with sustainable tilts. (ESG ETF: $GOLDMAN SACHS FUTURE PLANET EQUITY ETF (GSFP.US)$, $BNY Mellon Sustainable International Equity ETF (BKIS.US)$ , $JPMORGAN CLIMATE CHANGE SOLUTIONS ETF (TEMP.US)$, $ARK TRANSPARENCY ETF (CTRU.US)$ )
Top 15 Holdings of BAD
Our mission is to position ourselves in a unique manner compared to most fund management companies. It's our opinion that we don't think or dress like the typical 'suit,' but are fully capable of harnessing the expertise and insights of Wall Street to provide strategically designed investment products.”
--- Tommy Mancuso said.
The expense ratio of BAD will be 0.75%.
Do you perfer ESG ETF or this anti-ESG ETF?
Source: The BAD Investment, Businesswire, Bloomberg
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$Aterian (ATER.US)$ why u no fly...
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$OCBC Bank (O39.SG)$ is this worth going in? the share price hardly recovered after the fall when other banks alr recovered..
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$Aterian (ATER.US)$ from 12 drop to 4. then now 4 up to 5.. this is nothing lol
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$Meta Materials (MMAT.US)$ Come on, rise 📈
Translated
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$Exela Technologies (XELA.US)$ need it break $1.34
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