Reddit Plans Initial Public Offering on New York Stock Exchange: Wall Street Journal Reports
Reddit, the San Francisco-based social media company, is preparing for an initial public offering (IPO), with the New York Stock Exchange (NYSE) winning the coveted listing, according to a report by the Wall Street Journal (WSJ). After confidentially filing offering paperwork with the US Securities and Exchange Commission in 2021, the company put its IPO plans on hold due to challenging market conditions. However, it is now expected to unveil the filing later this month, naming NYSE as its exchange.
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