Reddit is one of the most popular websites around the world - a place where memes are born and all sorts of information, important or not, are exchanged and discussed every day. It's arguably the most influential social media network in the world and now, it's gone public.
Here's everything that you need to know about Reddit's IPO:
Is Reddit a social media platform?
Reddit is a social media platform, but it's unlike Facebook, Twitter, Instagram, and everything else. Instead of building a network around people, Reddit uses communities that attract users from all over the world. Because of its unique combination of anonymity and verifiable sources, Reddit has become the go-to site for a lot of people, especially in media. It's effectively a souped-up forum with social media aspects, making it user-friendly and convenient for users. Facts about the Reddit IPO Reddit made a very brief and straightforward announcement that it was going to go public by offering a traditional Initial Public Offering, otherwise known as IPO. What makes Reddiot's IPO quite surprising is all the secrecy behind it. The company didn't even confirm how many shares it will offer and how much each scare will cost. Not to mention, Reddit did not confirm its stock tricker or which market it will trade on. Effectively, the only thing that we know about Reddit's IPO is that it has "confidentially submitted a draft registration statement on Form S-1." Why is Reddit keeping its IPO a secret? Reddit could end up at least tripling its current valuation after it goes public.
