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Meme Stock Kingmaker Reddit Moves Towards IPO With Confidential SEC Registration
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deadline.comMeme stock engine and message board giant Reddit moved a step closer to a public offering, launching the process this week via a confidential filing with the SEC.It’s been a frenetic year for initial public offerings, with IPOS of more than 900 companies after many businesses and investors sat out an uncertain 2020.
Online brokerage Robinhood Markets, the trading app that was also at the center of the meme stock frenzy that started in January, had its IPO in July. (IPOs have raised nearly $300 billion in 2021.) Reddit did not disclose the number of shares to be offered, the price range of the IPO or a timeline in the confidential filing, which it said was a draft registration statement.“We are in a quiet period, and for regulatory reasons
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