This is the best summary I could come up with:

Bloomberg reported on Monday that Reddit “is holding talks with potential investors for an initial public offering.”

The San Francisco-based company, co-founded by Steve Huffman, Aaron Swartz and Alexis Ohanian in 2005, is considering going public as early as the first quarter, sources told Bloomberg.

In December of 2021, Reddit confidentially submitted a draft registration statement with the Securities and Exchange Commission to go public.

That move took place just months after Reddit had raked in a hefty $410 million financing led by Fidelity, valuing it at $10 billion.

Then, in January of 2022, Reddit had even gone as far as to tap Morgan Stanley and Goldman Sachs to work on the listing.

When contacted, a Reddit spokesperson told TechCrunch via email that the company is in a quiet period and cannot comment.

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