Joins us to share how price conscious shoppers are navigating the store. Katie welcome to bloomberg markets. You take a look at these market and it is definitely a monday morning. The s p 500 up by about half of 1 building on last weeks losses. The same thing if you look at the nasdaq 100 and the big stocks. All the while you are seeing a little bit of a bump to volatility. The picture now higher by about one point or so, looking at a 16 handle. But lets get back to reddit because reddit and its investors looking to raise as much as 748 million, one of the biggest ipos so far this year. Ed ludlow joins us from San Francisco with the latest. 31 34 per share, where would that put us . The upper end of the range, it is a valuation of five point 4 billion. But if you take a look at the diluted valuation which would include restricted stock units, options awarded staff, it is nearer to 6. 4 billion. Either way, it is a significant ipo in the Technology Sector for this year and it has been a
The twoyear yield is hanging out at 481 on the day. The twoyear got below 480 last week, it has been hovering around these levels, barely changed on the day. 10year yield, similarly a one basis point move. We will talk about it later in the show, but there is some interesting news this week on the issuance front when you look at the auctions from the treasury and the 10 year will be tested. Data movers on the equity side, shares of micron higher after it was upgraded by baird to outperform. Spirit airlines, lets talk about that, hitting a record intraday low after issuing a revenue outlook low analyst estimates. The company noting overcapacity in several key markets like latin america and florida. Down 10 on the day. We want to note a huge move for the bitcoin world, marathon digital chairs climbing now on news that the company is pursuing a strategic organization, overt 70 . The Company Reports after the bell on thursday. Ellen hayes enjoins us to talk about all that is going on in th
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