Reddit, the social media platform popular on Reddit, announced late Wednesday night that it had begun making the company publicly available. Informing the Securities and Exchange Commission of their plans to go public, the company submitted a confidential S-1.

SEC regulations prohibit them from disclosing prices or shares information until a silence period has ended. This quiet period protects trade secrets and prevents leakage before an IPO date. Reddit has been rumored to be planning a public offering for years.