Reddit is becoming a public company and gauges NFT interest
Reddit filed an Initial Public Offering (IPO) to become a public company in the future and joins the NFT marketplace.
Reddit, a prominent social news aggregator, stated on Wednesday that it had filed an Initial Public Offering (IPO) application with the Securities and Exchange Commission and was expecting clearance (SEC).
Reddit is aiming for a higher valuation of $15 billion with this approach; the company is now valued at more than $10 billion.
The act of filing came as no surprise. Since its inception, the organization has developed a reputation for providing unique experiences.
This year, it has also seen significant growth.
Additionally, Reddit has plans to grow the firm, with 1400 workers in mind, as well as expansion into England, Australia, and Canada. If the SEC approves the proposal, the scheme will most likely come to fruition.
Reddit is becoming a public company
The shares and prices for the upcoming public offering are unknown, according to Reddit. More information is either provided by the company or made public due to regulatory requirements.
Reddit was rumored to be preparing for an IPO and becoming a public company in August…
