Sunday, August 3, 2025

Latest

Reddit Secretly Files for IPO

Social content website Reddit has confidentially filed to go public with US securities regulators, after rising to popularity amid the meme stock frenzy earlier this year.

According to a draft registration filing seen by Reuters, Reddit has confidentially filed for a US IPO with the SEC. Although the company failed to reveal the number of shares that would be offered or their price range, the social news website was anticipating a valuation of around $15 billion by the time of its public debut.

Reddit has approximately 52 million daily users, who can engage on more than 100,000 communities, or “sub-reddits,” according to data from October 2020. As cited by Reuters, the company’s advertising revenue hit $100 million between April and June of this year, marking a nearly three-fold increase from the second quarter of 2020.

Some of Reddit’s largest investors include Fidelity Investments, Sequoia Capital, Andreessen Horowitz, as well as Tencent Holdings. The company saw its growth soar recently, after retail investors used its message boards to coordinate trading of GameStop and other popular meme stocks.

Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

No More Freeloading: Reddit Wants To Be Paid For AI Training

Reddit, with its vast data pool of human conversations about every imaginable topic collected over...

Wednesday, April 19, 2023, 02:14:00 PM

WallStreetBets Founder Sues Reddit for Ousting Him As Moderator

Jaime Rogozinski, the founder of the WallStreetBets, the popular subreddit forum that influenced the rise...

Wednesday, February 15, 2023, 08:19:59 PM

Reddit CEO Has Already Sold Nearly Half His Shares Less Than A Week Into IPO Debut

Barely a week into going public, Steve Huffman, the Chief Executive Officer and President of...

Thursday, March 28, 2024, 09:41:53 AM

Reddit Looks to International Markets for Growth

Reddit has outlined its international growth initiatives, showcasing efforts to refine its app and capitalize...

Friday, December 1, 2023, 03:55:00 PM

Reddark: Reddit Suffers Outage As Subreddits Protest

Reddit was hit with a major outage on the very first day of a massive...

Tuesday, June 13, 2023, 11:41:00 AM