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IPO right now is very difficult as the door is closing, and investors are wary about paying a premium like they have before. They delayed it too long and have missed the window, it is unlikely from a year from now they will be able to get any bids for the current market valuations.

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I mean why didn't they IPO last year with everyone else?

Your guess is as good as mine but they likely thought that the status quo in market would continue.

PC has spoken admirably of Koch Industries and he thinks there's some merit to remaining private. That's probably why. I don't have the source at hand but probably one of his podcasts.

I feel like it makes sense for Koch to stay private since their work mostly focuses on fossil fuels and specifically fracking. Public markets can be a big distraction with protests and what not. Is stripe worried about being cancelled?

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