Reddit is set to go public with its IPO, generating high investor interest and planning to raise $748 million. The IPO is anticipated to be a bellwether for other offerings this year, with the social media company reserving 8% of its IPO shares. CEO Steve Huffman's compensation package of $193 million has faced scrutiny, while users express mixed reactions to the IPO. Reddit's AI pitch and ownership structure are also key points of discussion ahead of the IPO pricing.