Reddit Confidentially Submits Draft Registration Statement for Proposed IPO

Reddit Confidentially Submits Draft Registration Statement for Proposed IPO
Reddit has confidentially submitted a draft registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock, the company announced on its Twitter page Dec.15.The numbers of shares to be offered and the price range for the proposed offering have yet to be determined, the announcement said.The IPO is expected to occur after the SEC completes its review process, subject to market conditions.Reddit is in a “quiet period,” and for regulatory reasons cannot disclose more information, the announcement said.The social media platform announced in January it was expanding its work with the…