Reddit Is Moving Ahead With IPO After Two Years on Sidelines (4)

Reddit Inc. filed for an initial public offering, revealing the social media platform’s shrinking losses and helping to propel a still-tenuous resurgence in US listings.

The San Francisco-based company, in what is set to be one of the biggest listings of the year, filedThursday with the US Securities and Exchange Commission to move ahead with an IPO, more than two years after first submitting its plan confidentially.

Reddit won’t disclose proposed terms for the IPO, including its valuation in a listing, until a later filing. The company has been advised to consider a valuation of at least $5 ...