alt Hacker NewsThere weren't any size caps on IPOs and no regulation can tell a company what multiples to IPO at, that's just false information
If it was really "just an exit", people wouldn't buy the IPO and it would flop
Of course people believe there is room for more growth, that's why they are buying it
Even in this thread you can see people (not me) arguing that the IPO is too cheap and it's easily worth 3 trillion $ like numbers mean nothing
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People participate in betting and chance games even if the odds are against them.
Sometimes, there is no logic behind what people do, ultimately hoping to strike gold once while wasting money otherwise.
they were not forced but they were forced to report like a public company even if they didn't IPO. all the cost with none of the benefit was an incentive to IPO earlier.
Possibly parent is thinking of https://en.wikipedia.org/wiki/Jumpstart_Our_Business_Startup... which did change some conditions, though not in terms of "multiples".