There's nothing strange about it at all. If you want to sell securities on public markets you have to abide by certain rules. It's completely reasonable, and I know that corporations and their apologists like to throw around "private" as a buzzword and pretend like they should have free reign, but they do not.
There is no such thing as a "private" publicly traded company.
https://thenextweb.com/twitter/2013/11/07/twitter-just-becam...
Either way, that's a strange moral line to take on all of this, whether a company is public or not.