Reddit Picks New York Stock Exchange for IPO in Win Over Nasdaq
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Reddit Inc. has picked the New York Stock Exchange for its initial public offering, according to a person familiar with the matter.
The San Francisco-based social media company, which said it confidentially filed offering paperwork in 2021, is expected to unveil the filing later this month, the person said, asking not to be identified discussing information that’s not public. The Wall Street Journal earlier reported on the choice of NYSE. It’s a win for the NYSE in its competition with Nasdaq for high-profile IPOs.