Reddit files for biggest social media IPO since Pinterest

Self-professed ‘Front Page of the Internet’ Reddit has officially filed for an initial public offering in the US, with the debut tipped for March under ticker symbol RDDT. In an S-1 filing with the Securities and Exchange Commission, Reddit touted its vast network of 100,000-plus communities, 73 million active daily users and one billion cumulative posts. The S-1 did not disclose the offer pricing, though it is expected to be the biggest IPO of a social media company since Pinterest went public in 2019. “Th ...