Congrats to Reddit!

There’s a lot of great news for all of us in tech this morning as Reddit goes public today. The price was set to $34 per share last night, and as of right now, the rumor is that it will open 50% up over $50.

I’ll refrain from going full Bill Gurley and ignore the commentary on the pop, and how the company and employees who sold lost out for now, but that’s hard to ignore.

For now, we’re just celebrating the successful IPO. My prediction is that there will be many companies filing S1s in the next few weeks and months. Liquidity is hitting the markets and employees and investors sorely need it.