Reddit has officially filed for its Initial Public Offering (IPO), marking a significant step for the social media platform. The company reported $804 million in revenue for the last year, with a net loss of $90.8 million and showcased 86% gross margins and -17% operating margins. Reddit's user base was highlighted, showcasing 500 million site visitors in December and 73 million daily active users (DAUs), which grew 27% year-over-year. In an innovative move, Reddit is inviting its power users, including moderators and those with high karma, to invest in the IPO. This approach mirrors tactics used by companies like Robinhood in the past. The IPO is notable not only for its size but also for its timing, being the first major tech IPO of the year. Reddit's strategy includes leveraging its AI capabilities and selling training data, a point of interest for investors. Additionally, the company raised $1.3 billion so far, with its last valuation at $10 billion. The filing also revealed a 21% year-over-year revenue growth and an average revenue per user of approximately $12.3. However, the IPO filing has stirred controversy within the Reddit community, particularly with the WallStreetBets subreddit, which was listed as a key risk to investing in the stock. The community is reportedly planning to short the company's stock, adding a layer of intrigue to the IPO's narrative.