Reddit, a popular social network announced late Wednesday night that it was making plans to make the company publicly. For public disclosure, Reddit filed confidential S-1s with the United States Securities and Exchange Commission.

SEC regulations state that it can’t provide details on shares and prices until a period of quiet is completed. This is to prevent trade secrets being leaks before the initial public offering (IPO). The SEC filing confirmed long-running rumors about Reddit’s plans for a public offering.