[cylinder]

Question is why would MuleSoft sell itself if they thought they'd be worth more a year later?

[thaumasiotes]

MuleSoft did sell itself; that's what an IPO is.

Presumably, there was a reason.

[cylinder]

That's not true. An IPO is just that, a public offering, of a small amount of shares to raise capital. Some shareholders cash out some of their position at IPO.