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After several successful rounds of private funding that have brought its valuation to $10 billion, Reddit is testing the IPO waters.
The social media platform known as the internet’s town hall said it confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering, with the number of shares to be offered and the price range yet to be determined.
“The [IPO] is expected to occur after the SEC completes its review process, subject to market and other conditions,” Reddit said...