AMC jumped nearly 7% in premarket trading as Reddit confidentially filed to go public

Tiger Newspress2021-12-16

AMC jumped nearly 7% in premarket trading as Reddit confidentially filed to go public.Reddit Inc, known for its message boards that became the go-to destination for day traders during this year's meme stock frenzy, said on Wednesday it had confidentially filed for an initial public offering with U.S. securities regulators.

Founded in 2005 by Steve Huffman and entrepreneur Alexis Ohanian, Reddit was valued at $10 billion in a private fundraising round earlier this year.

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