I can sort of understand the mentality, but right now Reddit looks like a terrible IPO prospect. It isn't profitable, it's poorly managed, lacks transparency, depends on volunteers to function on a daily basis, and when they make a move to make themselves profitable their user base rebels in a fairly public and humiliating way.

All of this in the post-Fed rate hike world where money isn't free. Besides I feel it's important to remember that Reddit has been talking about an IPO for many years, and I doubt it's going to happen now.