According to Reuters, Reddit's long-awaited initial public offering will launch by the end of March after it makes its public filing in late February. ⁠ ⁠ It'll be the first big social media IPO since 2019, when Pinterest went public. ⁠ ⁠ All eyes will fall on Reddit's own users, who are known to fuel meme stock rallies—namely AMC and GameStop—and could help prop up the company's debut on the stock market. ⁠ ⁠ Valued at $10 billion as of 2021, Reddit reportedly will sell 10% of its shares as it competes with TikTok and Facebook for attention and ad dollars. ⁠ ⁠ #reddit #wallstreetbets #business #businessnews #socialmedia #technews #marketnews