Reddit was founded in 2005 by Steve Huffman, Alexis Ohanian, and Aaron Swartz. The company has not officially endorsed a plan to participate in an IPO.
Reddit is a social media platform with a focus on news aggregation, web content ratings, and discussion. The company has raised over $550 million in Venture Capital funding from investors including Plus Capital, Quiet Capital, Reshape Holdings, Tencent, Bracket Capital, Craft Ventures, Fidelity, Upshift Capital, Andreessen Horowitz, Sequoia Capital, and Y Ventures. It has been widely reported that Reddit last raised $300 million in February 2019 at a post-money valuation of $3 billion.