Reddit power users balk at chance to participate in IPO as Wall Street debut nears

Sarah Gilbert spends a lot of time on Reddit. For the past three years, she’s helped moderate the

subreddit, which has 2 million members and was the subject of her Ph.D. dissertation. She’s been a lurker on the forum since 2012.

But when the subject turns to Reddit’s upcoming IPO, Gilbert’s excitement wanes. The 19-year-old social media company set aside 8% of the shares in its offering for…