[rf15]

Why ask for IPO to dillute the effective investor pool if you are already making a ton of money consistently?

[fourseventy]

To give liquidity to investors.

[onion2k]

The cost of that liquidity is missing out on realizing future growth though. It's fairly safe to assume that as there isn't an IPO yet the investors want to hold rather than cash in returns. They probably believe there's more growth potential, and that the board are the right people to deliver it.

[Cyph0n]

Don’t they already get to participate in secondary markets to liquidate?