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Reddit planning to go public
Reddit Inc., the social media platform that helped fuel this year’s meme stock frenzy, said it has confidentially filed for an initial public offering.
The San Francisco-based company said Wednesday in a statement that the number of shares and proposed price range for an IPO haven’t been determined.
It said the listing is expected to occur after the U.S. Securities and Exchange Commission completes its review process, subject to market and other conditions.
[Bloomberg]
Reddit Inc., the social media platform that helped fuel this year’s meme stock frenzy, said it has confidentially filed for an initial public offering.
The San Francisco-based company said Wednesday in a statement that the number of shares and proposed price range for an IPO haven’t been determined.
It said the listing is expected to occur after the U.S. Securities and Exchange Commission completes its review process, subject to market and other conditions.
[Bloomberg]
