Reddit Invests Excess Cash Reserves in Bitcoin, Ether for IPO

Reddit Files S-1 Registration Statement for IPO, Eyeing New York Stock Exchange Listing

Popular social media platform Reddit has made a significant move by filing its S-1 registration statement with the Securities and Exchange Commission (SEC), revealing its plans for an initial public offering (IPO). The company intends to list on the New York Stock Exchange under the ticker RDDT, aiming to become the first social media platform to go public since Pinterest’s IPO in April 2019.