Reddit announced on Wednesday that it had confidentially filed paperwork for an eventual public offering of its stock, a significant step toward the public markets for the 16-year-old internet company.
The company did not disclose the total number of shares to be offered nor did it state an initial valuation, figures that will likely be worked out in the weeks ahead as it prepares a prospectus for potential investors. A Reddit spokeswoman did not provide further comment beyond a company news release announcing the decision.