Reddit ‘Confidentially’ Files for IPO

Reddit ‘Confidentially’ Files for IPO
The Reddit logo is seen on a smartphone in front of a displayed WallStreetBets logo in this illustration taken on Jan. 28, 2021. Dado Ruvic/Reuters
Naveen Athrappully
Updated:

Reddit, which showed the world the power wielded by retail investors when grouped together on social media, said that it has filed for an initial public offering, in a year that has seen major tech stocks fare extremely well.

“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,” from the press release published Wednesday.
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