[TAForObvReasons]

In a world of ample private capital, there are only two real reasons to IPO: providing an exit for investors and raising monies that can't be raised in private. Neither reflect well on the future prospects of the company.

[brycesbeard]

A third option - raising capital from a public market may be cheaper holistically. Perhaps the private money is heavy into competition, and you’re worries about onerous terms.

I’m sure we could think of other options if we tried really hard.