Reddit, a social media platform, confidentially files for IPO
The prospective offering's number of shares to be issued and price range has yet to be defined
By Ishika Dangayach
Published - Dec 16, 2021, 02:23 PM ET
Last Updated - Feb 06, 2024, 01:33 PM EST
• Reddit was valued at over $10 billion in August, following a private investment round
• In Q2 2021, Reddit earned $100 million in advertising revenue, a 192% jump Y-O-Y
Reddit announced on Wednesday that it had submitted a confidential draft registration statement to the Securities and Exchange Commission in order to go public.
The draft was not made public by the social media company. The prospective offering's number of shares to be issued and price range has yet to be defined.
