San Francisco's Reddit seeks to hire advisors for US IPO - NewsBreak

Reddit Inc., the San Francisco, California-based operator of an online message board that had turned into a safe-haven for the retail traders' discussion groups, who were leading a tug of war between main street traders and Wall Street's institutional investors since January 27 this year while catapulting shares' prices of so-called meme stocks such as GameStop alongside AMC Entertainment which were heavily shorted by Wall Street's institutional investors, has been looking to hire investment bankers as well as lawyers in order to oversee the proceedings of a planned US IPO (Initial Public Offerings), at least two people familiar with the subject-matter had unveiled later this week on condition of anonymity given the sensitive nature of the issue.