Reddit Inc., the social networking and news platform that fueled this year’s meme stock frenzy, said that it has filed for an initial public offering (IPO) with the Securities and Exchange Commission. 

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In a statement issued Wednesday, the San Francisco-based business stated that the number of shares and proposed price range for an IPO are still to be finalized. According to the company, the listing is likely to take place when the Securities and Exchange Commission completes its assessment process, subject to market and other conditions. 

The business did not specify the valuation it will seek in its IPO. If Reddit pursues an IPO, further information about its operations and finances will be disclosed in a subsequent public filing.

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The website, which offers message boards on a range of topics and allows users to vote on the posts they prefer, witnessed an increase in interest this year after a WallStreetBets forum on the site shook the stock market. The price of GameStop Corp., AMC Entertainment Holdings Inc., and silver were all affected by the trading frenzy.

Reuters reported in September that Reddit, which became the go-to location for day traders during this year’s meme stock frenzy, was looking at a valuation of more than $15 billion.

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As of October of last year, Reddit had approximately 52 million daily active users and over 100,000 communities, or “subreddits.”

Fidelity Investments, Andreessen Horowitz, Sequoia Capital, and Tencent Holdings are among its largest investors.

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In March, Reddit recruited its first chief financial officer. Reddit reported in an August statement that the firm made $100 million in advertising income for the first time in the second quarter, nearly double what it was a year earlier. It is currently attempting to expand further into audio and video, where ad revenues are higher.