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Redbox IPO: What RDBX Stock Investors Are Saying Following Yesterday’s Red-Hot Debut

Redbox (NASDAQ:RDBX) stock is flying high on Tuesday following the company’s initial public offering (IPO) yesterday!

The Redbox logo representing RDBX stock.

Source: ZikG / Shutterstock.com

However, Redbox didn’t use an actual IPO to go public. Instead, the company chose a special purpose acquisition company (SPAC) merger for its public debut. This saw it combining with Seaport Global.

The company’s first day of trading went well for it as shares climbed more than 20% by the time normal trading hours ended. That momentum is continuing into today and investors are excited about what lies ahead for RDBX stock.

Let’s take a look at what they have to say below!

Redbox IPO Twitter Chatter

RDBX stock is looking for another strong day with heavy trading. As of this writing, more than 12 million shares of the stock have changed hands. That’s a major increase over its daily average trading volume of about 302,000 shares.

RDBX stock was up 32.6% as of Tuesday morning.

Investors looking for more recent stock market news will want to stick around!

InvestorPlace offers up daily coverage of the stock market and Tuesday is no different. A few examples of stories to look into today include why shares of Ocugen (NASDAQ:OCGN) are soaring higher, price predictions for Shiba Inu (CCC:SHIB-USD), as well as this morning’s biggest pre-market stock movers. You can find all of that information by following the links below!

More Stock Market News for Tuesday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.


Article printed from InvestorPlace Media, https://investorplace.com/2021/10/redbox-ipo-what-rdbx-stock-investors-are-saying-following-yesterdays-red-hot-debut/.

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