New technology is upending everything in finance, from saving to trading to making payments. On Dec. 15, Reddit, the self-styled “front of page of the internet” announced it was becoming a publicly-traded company and filed a confidential S-1 with the US Securities and Exchange Commission.
Is Reddit going to become a stock?
Or should you downvote it? Online discussion platform Reddit confidentially filed for its initial public offering (IPO) in December 2021. The platform, whose value has skyrocketed from $3 billion in 2020 to nearly $10 billion in August 2021, intends to debut on the stock market with a valuation as high as $15 billion.
Is Reddit stock publicly traded?
Reddit Is Going Public: Here's What Investors Need to Know | The Motley Fool.