Reddit’s IPO Filing Is Missing Something: Cofounder Alexis Ohanian

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Reddit’s IPO Filing Is Missing Something: Cofounder Alexis Ohanian
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Only one of Reddit’s two cofounders is named in a new filing that puts the company weeks away from going public. Alexis Ohanian and Steve Huffman, now CEO, fell out in 2020.

Reddit cofounders Steve Huffman and Alexis Ohanian spent about eight straight years living together, initially as college roommates, playing World of Warcraft late into the night and later working together on the foundations of the discussion forums service now frequented by nearly 270 million people.

Advance, the owner of Condé, owns 30 percent of Reddit with other investors, board members, and employees holding the rest. Among them, OpenAI CEO Sam Altman, an early user and investor in Reddit, has 8.7 percent of the company, according to Thursday’s filing.

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