IPO Preparations from Reddit

Reddit, the social media platform in the middle of the Gamestop craze, is preparing for an IPO.

IPO preparations from Reddit. According to the news compiled by the New York Times, the company brought in a new executive in the context of preparations for an IPO. Social media platform Reddit, which was in the middle of the Gamestop craze, which was on the agenda of global capital markets in the past period, is preparing for an IPO. According to the news in the New York Times, in a statement made by the social news and discussion site Reddit, it was stated that they appointed Drew Vollero as the company's first finance manager before the public offering of the platform. Reddit, one of the world's top visited sites, reported that they are planning to go public. "Will Reddit go public?" Responding to his questions, Reddit's CEO, Steve Huffman, said, "We're thinking about this and the work is moving in this direction." 55-year-old Vollero, who was employed as a finance manager, previously worked in the finance departments of companies such as Mattel, Snap and Allied Universal. It was noted that Vollero, who will take part in Reddit, will develop financial strategies, provide control and manage the public offering process of the company. Although Huffman said there is no scheduled date for Reddit's IPO yet, Vollero's inauguration seems to run the company's financial operations for 15 years in a way similar to Twitter and Facebook's IPO processes.