I doubt most users care about the IPO directly. What does it matter if the platform is owned by a few scumbags or many?
But as we know, pressure to attain profitability may push Reddit to introduce increasingly user-hostile features. This is where the possibility for the next revolt lies.
Let that sinking ship join Myspace and Tumblr already. Revolting may rise awareness of the problem, but it isn’t going to change the direction where Reddit is headed. They need to become profitable, and they’ve decided to do that by backstabbing the users.
The users and mods are already covered in dried caked blood from the many times they've already been back stabbed, front stabbed, side stabbed, thrown off a cliff and pissed on yet they're still there working away for free while those who care absolutely nothing about the site are all making money off it.