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by overfeed 120 days ago
The VC likely already has ownership, and a board seat - public companies are susceptible to activist-investors and hostile bids: outsiders who hold little/no stake, but an outsized influence.
1 comments

Neither of which would be relevant in the Stripe case, because if Stripe IPO's they'll release a negligible number of shares. It'd be impossible for either group to amass a substantial number of shares.
Why IPO at all, if they will release a "negligible number of shares"?
A low liquidity IPO would likely result in a massive share price increase: the number of interested buyers would vastly outnumber the number of shares available.
So what? If you’re selling a low amount of shares, you are still generating a low amount of input to the company.

If it neither needs money nor guidance, then why IPO? The owners already have enough of both.