Reddit to jump on the IPO bandwagon with confidential filing

It was reported in September that the company was hoping to hit a valuation of more than $15bn (€13.26bn) by the time it planned to list its shares

Reddit's message boards, especially its WallStreetBets thread, were at the heart of a pitched battle between small-time traders and some of the big Wall Street firms this year.

Website Reddit whose message boards became the go-to destination for day traders during this year's meme stock frenzy, said yesterday it had confidentially filed for an initial public offering with US securities regulators.

Reuters reported in September that the company was hoping to hit a valuation of more than $15bn (€13.26bn) by the time it planned to list its shares.