Reddit files for initial public offering, last valued at $10 billion"We are in a quiet period, and for regulatory reasons, we cannot say anything further."
What you need to know
Reddit has filed for a proposed IPO with the SEC.
The company was last valued at $10 billion.
It would see the popular platform trade as a public company.
Popular internet platform Reddit has today announced it has filed for an initial public offering to the SEC.
Reddit stated:
Reddit, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions.
The company added it was in a quiet period and couldn't say anything further for regulatory reasons.
As per the com...
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Reddit files for initial public offering, last valued at $10 billion
