Reddit Files to Go Public, in First Social Media IPO in Years petek, August 2, 2024 Reddit, the community-focused message board site, filed to go public on Thursday, paving the way for it to become the first major social media company to debut on the stock market in years and a test for private companies after a drought in initial public offerings. In an offering prospectus, Reddit disclosed its financial performance in preparation for selling shares to investors. The San Francisco-based company reported that its revenue rose more than 20 percent as its losses narrowed last year. It added that it had 73 million daily users and more than 100,000 active communities. The prospectus kicks off … Continue Reading