The subreddit r/wallstreetbets has thoughts on Reddit’s IPO. | Brent Lewin/Bloomberg via Getty Images Reddit could become the next meme stock — or flop. Reddit, the launchpad for many meme stocks, could now become one: The social media giant makes its debut on Wall Street this week in one of the most highly anticipated initial public offerings of the year. The nearly 20-year-old company is seeking to raise up to $748 million in its IPO on March 21, putting its valuation at about $6.4 billion.