The Reddit platform, whose users this year accelerated the quotes of the so-called “meme” shares on the stock exchanges, has applied for an initial public offering (IPO) of its securities, according to Reuters. The company has not yet determined the exact number of shares and the proposed price range for the IPO. One of the agency’s sources reported in September that Reddit expects to receive a valuation of $ 15 billion following the results of the share placement.

In February 2021, Reddit raised $ 250 million from private investors, who valued the company at $ 6 billion. In the summer, as part of a new round of raising funds in the amount of $ 700 million, the company was already valued at $ 10 billion. Fidelity Management, Research Company and others took part in the new round of funding. existing investors of the social platform.