Meet RDDT: Popular social platform Reddit to sell stock in an unusual IPO
Reddit's IPO will be the first time since 2019 that a social media company has premiered on the stock market.
Reddit, the San Francisco social media site that describes itself as "the front page of the internet," filed for an initial public offering on Thursday, reflecting the tech company's aim of expanding its presence and profile.
The company filed to be listed in the coming weeks on the New York Stock Exchange under the ticker symbol "RDDT."
Founded in 2005 by Alexis Ohanian and his dorm mate at the University of Virginia, Steve Huffman, the site started as an gathering place for anonymous banter and commentary on culture and to regulators.
