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<p class="has-text-align-justify"><em>What would you say about Reddit going public? </em>Reddit Inc, famous for its message boards that became target for day dealers during last year&#8217;s meme stock hysteria, announced on December 15, that it had filed for an initial public offering with US securities regulators in a confidential manner.</p>



<p class="has-text-align-justify">Reddit, founded in 2005 by Steve Huffman and entrepreneur Alexis Ohanian, was valued at $10 billion earlier this year in a private fundraising round.</p>



<figure class="wp-block-image size-large is-resized"><img src="https://upload.wikimedia.org/wikipedia/commons/3/39/Restoring_sanity_-_Reddit.jpg" alt="Reddit Going Public Soon, You Can Get A Piece As Well!" width="800" height="500"/><figcaption>cia <a href="https://commons.m.wikimedia.org/wiki/Main_Page">Wikimedia Commons/Antonio</a> Zugaldia</figcaption></figure>



<p class="has-text-align-justify">According to Reuters, the company is hoping for a valuation of more than $15 billion by the time it goes public.</p>



<p class="has-text-align-justify">The filing comes as US IPOs hit all-time highs in 2021, fueled by abundant liquidity as a result of accommodative monetary policies. Some of the companies that have gone public during the last year in the United States include Robinhood Markets Inc, Coupang Inc, and Coinbase Global.</p>



<p class="has-text-align-justify">Reddit had over 100,000 communities, or &#8220;subreddits&#8221; and approximately 52 million daily active users, as of October of last year.</p>



<figure class="wp-block-image size-large is-resized"><img src="https://yodoozy.com/wp-content/uploads/2022/01/3500-1024x614.jpg" alt="Reddit Going Public Soon, You Can Get A Piece As Well!" class="wp-image-38547" width="800" height="450"/></figure>



<p class="has-text-align-justify">Retail investors flocked to its message boards at the start of the year for trading tips on GameStop Corp and other so-called meme stocks, resulting in explosive growth for the company.</p>



<p class="has-text-align-justify">Reddit, based in San Francisco, reported $100 million in advertising revenue in the second quarter, a nearly threefold increase over the same period last year.</p>



<p>Drew Vollero, Snap Inc&#8217;s first finance chief who guided the company&#8217;s transition to a public company, was hired as the company&#8217;s first chief financial officer in March.</p>



<p class="has-text-align-justify">Andreessen Horowitz, Sequoia Capital, Fidelity Investments, and Tencent Holdings are among the company&#8217;s largest investors.</p>



<p>In the certificate of registration filed with the US Securities and Exchange Commission, Reddit did not disclose the number of shares to be offered or the price range of the IPO.</p>



<p>Could you ever have guessed about Reddit going public? Share your thoughts in the comments below.</p>



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