Reddit files with the SEC to go public

Reddit has taken a big step towards going public. In a press release, the company has revealed that it has confidentially submitted a draft registration statement with the US Securities and Exchange Commission regarding "the proposed initial public offering of its common stock." The announcement offers very little detail about its planned IPO, which is expected to take place after the SEC's approval. The social network also said that it has yet to determine how many shares will be offered and fo...