Social media platform Reddit files to go public.

After announcing that it is going public, social media platform Reddit said that it has confidentially filed for the proposed Initial Public Offering (IPO) with the US Securities and Exchange Commission.

RedditInc said in a statement that it has "confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common stock."

The company said it had not yet determined the number of shares that will be offered nor the price range for the stock.

Earlier this year, investors flocked to the San Francisco-based firm's messaging board for tips on trading stocks like US video game retailer GameStop and the AMC cinema chain - known as "meme stocks", those that gain popularity through sites like Reddit.

Stocks that often became popular were ones that had been heavily bet against by professional investors, such as hedge funds.As a result some of these shares saw their prices rise and fall sharply in hugely volatile trade.

In August, co-founder and chief executive Steve Huffman told the New York Times that Reddit was "still planning on going public" but didn't have a firm timeline, adding, "All good companies should go public when they can."

Reddit was created in 2005 by two students from Virginia, the discussion platform was bought in 2006 by Conde Nast, which publishes magazines such as Vogue, The New Yorker and Vanity Fair.

The company became an independent subsidiary in 2011. The platform announced in August that it had raised $700 million during a fundraising campaign led by Fidelity Management, which valued the network at more than $10 billion.

Created in 2005 by two students from Virginia, the discussion platform was bought in 2006 by Conde Nast, which publishes magazines such as Vogue, The New Yorker and Vanity Fair. It had around 53 million daily users. The company became an independent subsidiary in 2011.Reddit's biggest financial backers include Chinese technology Tencent, Fidelity Investments and venture capital firm Sequoia Capital.

The platform announced in August that it had raised $700 million during a fundraising campaign led by Fidelity Management, which valued the network at more than $10 billion.