Reddit confidentially files to go public after explosive growth fueled by meme stock chatter

Reddit, known for its message boards that became the go-to destination for day traders during this year's meme stock frenzy, said on Wednesday it had confidentially filed for an initial public offering with US securities regulators. The forum fed huge demand from retail investors for meme stocks — for GameStop in January and AMC Entertainment in June — that led to the explosion in meme stocks.
Read more: https://markets.businessinsider.com/news/stocks/reddit-confidentially-files-to-go-public-2021-12?source=Snapzu