Comment by gxs

I agree with you for sure, but fwiw there’s a simpler alternate explanation, or at least there’s another way of saying the same thing

I’ve asked at rapidlu growing unicorns where I’ve worked “why don’t we ipo” and the big wigs every time just say, “why?”

If the original point of the ipo was to raise money and now you can do that privately, it stands to reason that a simple explanation might be that it’s not worth the hassle until the VC’s say they want their money back