Reddit goes public – IT Pro – News

Reddit has announced that it will begin publicly trading shares in the company on the stock exchange. The company has taken a first step in this regard by notifying the US SEC about its upcoming IPO.

Details about the IPO are not yet available, such as when it will be, how many shares will come and at what price Reddit will sell it. Reddit does have the step confirmed on own site. The company was with an investment earlier this year worth 10 billion dollars.

About 1,400 people are said to be working at the site around this time. There are over 50 million monthly active visitors to the site, who are active in over 100,000 subreddits in total. Reddit has been around since 2005 and has been planning to go public for some time.

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