Reddit Files to Go Public

“The number of shares to be offered and the price range for the proposed offering have not yet been determined.”

Tech 
3,661 Hypes 3 Comments

Reddit announced earlier this week that it has started the process of taking the company public, by filing a confidential S-1 with the Securities and Exchange Commission.

“The number of shares to be offered and the price range for the proposed offering have not yet been determined,” the company wrote in its announcement. “The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions.”

“We are in a quiet period, and for regulatory reasons, we cannot say anything further,” the company added.

Rumors had circulated that Reddit had been considering an IPO prior to the official announcement, and earlier this year, the company disclosed that it had raised a $700 million USD round of funding at a valuation of more than $10 billion USD.

In the same announcement, Reddit shared that it had made more than $100 million USD in advertising revenue in the second quarter of 2021, marking an almost 200% jump from last year’s figures. Additionally, the company in August revealed plans to double its staff by the end of this year to roughly 1,400 employees.

Stay tuned for more information.

In case you missed it, TikTok is currently testing out a streaming app for desktops.

Read Full Article

What to Read Next

Nike Acquires RTFKT and Reddit Files To Go Public in This Week’s Business and Crypto Roundup
Tech NFT

Nike Acquires RTFKT and Reddit Files To Go Public in This Week’s Business and Crypto Roundup

While adidas has entered the metaverse with its first NFT drop.

Reddit Is Testing NFTs as Profile Pictures
NFT

Reddit Is Testing NFTs as Profile Pictures

Similar to Twitter Blue.

Reddit's r/place Is a Testament to Internet Culture and Camaraderie
Events

Reddit's r/place Is a Testament to Internet Culture and Camaraderie

An April Fools’ Day social experiment.


Reddit Reportedly Picks Morgan Stanley and Goldman Sachs for IPO
Tech

Reddit Reportedly Picks Morgan Stanley and Goldman Sachs for IPO

The social forum is expected to go public as soon as March.

Micah Johnson Is Opening Up a World of Possibility With His NFTs
NFT

Micah Johnson Is Opening Up a World of Possibility With His NFTs

Aku, his digital astronaut character, has an entire universe to explore.

Revisiting the Year’s Best Air Jordan 1 Colorways Ahead of the AJ1 "Crafted" Release
Footwear 

Revisiting the Year’s Best Air Jordan 1 Colorways Ahead of the AJ1 "Crafted" Release

Presented by GOAT
Yet another strong year for the Jumpman silhouette.

Barack Obama Reveals His Favorite Songs of 2021
Music

Barack Obama Reveals His Favorite Songs of 2021

Featuring tracks from Lil Nas X, Cardi B, Lizzo and more.

Nanushka Balances Beauty and Functionality for Pre-Fall '22
Fashion

Nanushka Balances Beauty and Functionality for Pre-Fall '22

Exhibiting sensual silhouettes, utilitarian design notes and tonal layering.

Drake Recorded Verses for Kanye West’s “Yikes,” Producer Says
Music

Drake Recorded Verses for Kanye West’s “Yikes,” Producer Says

Drake was ultimately credited as one of the track’s writers.


December 32 Creates Glow in the Dark Sneakers to Complement Its Signature Sweats
Fashion 

December 32 Creates Glow in the Dark Sneakers to Complement Its Signature Sweats

Presented by December 32
Discover the comfortable hoodies and sweatpants that have been spotted on Lil Nas X and other rappers.

'Hawkeye' Season Finale Trailer Teases the Return of the Boss
Entertainment

'Hawkeye' Season Finale Trailer Teases the Return of the Boss

Hitting Disney+ on December 22.

Steph Curry Drops Surprise NFT To Commemorate Breaking NBA's All-time Three-point Record
NFT

Steph Curry Drops Surprise NFT To Commemorate Breaking NBA's All-time Three-point Record

Surpassing Ray Allen for the record.

Behind the HYPE: How the Nike Air Max 1 Became One of the Most Iconic and Influential Sneakers of All Time
Footwear 

Behind the HYPE: How the Nike Air Max 1 Became One of the Most Iconic and Influential Sneakers of All Time

Presented by Ray-Ban Stories
The Tinker Hatfield-designed shoe has reigned supreme for nearly 35 years.

Beyoncé Has Launched an Official TikTok Account
Music

Beyoncé Has Launched an Official TikTok Account

Fans speculate that the ‘Lemonade’ vocalist might have new music coming.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.