Reddit confidentially applies to take company public

James Baxter-Derrington
clock • 1 min read

Reddit has lodged a confidential filing for an initial public offering with the Securities and Exchange Commission, as the firm prepares to debut on the stock market following a year which propelled the company into the financial market spotlight. The social media company said it has yet to determine how many shares it would issues as part of the IPO, or a price range for the stock, although its August fundraising valued the firm at around $10bn. A confidential filing is allowed by the Jumpstart Our Business Startups act of 2012, which lets a company pursue an IPO without publishing i...

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