Reddit Formally Submits IPO Filing


Founded in 2005, Reddit is a highly popular social network where people share news, updates, ideas, and thoughts about diverse topics. Subreddits exist for users to congregate and ask questions, then get feedback and learn more about fascinating subjects.

Within the past 19 years, Reddit has managed to amass an impressive 850 million users each month. More people are turning to the platform for research purposes, recreational use, and to learn more about issues of interest.

With an exceptional user base and growing popularity over the years, Reddit is subsequently working to take its platform to even higher heights. Just yesterday, the tech company formally submitted its initial public offering (IPO) filing.

What to know about Reddit filing to go public

Steve Huffman, the CEO and co-founder of Reddit, put out a statement accompanying Thursday’s IPO. Huffman noted that just as users feel connected and attached to subreddits, the company wants users to have an opportunity for “real ownership” via stock shares.