The company has been planning to go public since August; on late Wednesday, it announced that it had initiated the process with SEC.
The shares offered are unknown, but in August, the company raised $700M at a valuation of $10B. The revenues were promising at $100M in ad revenue for the 2nd Quarter of 2021 (200% increase). Well, whenever I open Reddit, I see ads about Google’s certifications via Coursera.
It has 52M daily users with more than 100,000 subreddits. The company had planned to double its staff to around 1400 employees by the end of this year.
Though some comments by Redditors said they didn’t like themselves to be monetised Reddit files for IPO: wallstreetbets
Here are some snapshots