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Pathikrit Bose

Should You Buy Ryan Reynold’s MNTN After the MNTN Stock IPO?

MNTN IPO Mark Douglas Ryan Reynolds

Deadpool star Ryan Reynolds-backed MNTN (MNTN) has had a blockbuster debut, with its stock gaining by a massive 60% from its IPO price of $16. Now trading at just over $25, the company’s market cap has already soared to about $2 billion. Apart from Reynolds, who also serves as the chief creative officer of the company, MNTN has marquee backers like BlackRock (BLK) and Baroda Ventures.

But the big question is, after such a stellar debut, can MNTN be seen as a long-term bet? Let’s find out.

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