Today news
About the same in other media
Social network Reddit reveals plans to go public
Reading now: 494
On late Wednesday night, the popular social platform Reddit announced that it has started the process of making the company public. The company filed a confidential S-1 with the Securities and Exchange Commission (SEC) informing them of their intentions for going public.
Per SEC regulations, they cannot provide any details about shares or prices until after a quiet period is over to protect trade secrets from being leaked before an IPO date is set. The SEC filing confirmed long-running rumors about Reddit's plans for a public offering.
Back in August, Reddit raised $700 million in fresh funding, making it worth more than $10 billion. In a recent update, Reddit stated that it had made $100 million in ad revenue for the second quarter of 2021,
Read more on cointelegraph.comAbout this in other media
Square Enix CEO reveals plans for blockchain, metaverse, NFTs cointelegraph.com /2 years ago
Bitcoin network turns 13, celebrates with new hash rate all-time high cointelegraph.com /2 years ago
ROSE gains 54% in a week as the Oasis Network ecosystem expands cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
