this post was submitted on 26 Dec 2023
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Reddit Falls Short of Ad Growth Targets Ahead of Likely 2024 IPO (www.theinformation.com)
submitted 9 months ago by return2ozma@lemmy.world to c/technology@lemmy.world
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[–] KevonLooney@lemm.ee 1 points 9 months ago

They are not going to let a random retail investor naked short an IPO on the IPO day. There's no way you will be able to exit your trade fast enough if it rockets up (in minutes). You actually need to tell the brokerage about your trading experience to be approved for riskier assets and trades.

If you are approved, you will probably need to wait beyond the IPO date. It's too volatile.