It's official: Reddit wants to go public, and has filed its IPO prospectus with the SEC. Why it matters: The company was bought by publishing giant Condé Nast for $10 million in 2006. After well over $1 billion in subsequent new investment, it's hoping for a $15 billion valuation when it goes public, per Reuters.The big picture: Nearly all of Reddit's social networking competitors are already public. While a $15 billion valuation for Reddit would be more than 1,000 times more than the last time the company was sold, it would still be the smallest social networking company.

https://www.axios.com/reddit-files-to-go-public-9c46fac4-c957-4a55-80b9-c78d46aba0e9.html

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