will reddit go public
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Will reddit go public

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The company announced it has confidentially submitted paperwork with the U. Securities and Exchange Commission to go public and sell shares on a U. In a short statement, the company gave few details of its plans beyond saying it has started the ball rolling on an initial public offering.

While Reddit has long been a popular digital gathering place for users to discuss any number of niche interests, it became a major player in the investment community during the pandemic thanks to a number of influential groups on the platform using their collective power to bid up prices in various shares. When word of the company's IPO plans broke on Thursday, some Redditors joked about potentially pumping the offering when it became available.

When do we start? Online brokerage Robinhood Markets Inc. Trading from individual investors has soared during the pandemic, with market data suggesting it makes up as much as one fifth of all stock market activity right now. To learn more or opt-out, read our Cookie Policy. Reddit announced late Wednesday that it has started the process of taking the company public, by filing a confidential S-1 with the Securities and Exchange Commission.

The company said earlier this year that it planned to double its staff by the end of to around 1, employees. Reddit, founded in , had grown to around 52 million daily users as of August, with more than , active sub-reddits. Subscribe to get the best Verge-approved tech deals of the week. Cookie banner We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from.

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New ipo in july Cloud Computing. Adam khoo forex trading short, Reddit is starting to act like a grown up, as the platform graduates from being a decentralized forum of internet dwellers with weird interests to a publicly-listed social media powerhouse. As it makes this transition, Reddit has ramped up its hiring. To really rake in the big bucks you need to have a dominant position, one that is still far away for Reddit. Performance information may have changed since the time of publication. However, at least for now, bringing Sonos Radio to the web seems to be more about showcasing it to advertisers than growing listening hours.
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Reddit IPO: The Big Potential Problem w/ Reddit Going Public 📈

Several funding rounds later, most recently after a $ million round led by Fidelity in August , Reddit's valuation rose to over $10 billion. Reddit has filed confidentially for an IPO, the company said. Reddit could make its stock market debut in March, Bloomberg reported. The. It's official. Reddit announced yesterday that it had confidentially filed for an IPO with the SEC, meaning that the messaging network behind r/.