Today news
About the same in other media
Social network Reddit reveals plans to go public
Reading now: 758
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
Read Cryptonews, Get Improved Rates Promo Code and Enjoy your Christmas with ChangeNOW cryptonews.com /2 years ago
The metaverse is already an essential part of life, and 'we're in another huge cycle' says LinkedIn cofounder and venture capitalist Reid Hoffman markets.businessinsider.com /2 years ago
Show more
The website gocryptonft.com 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.
