this post was submitted on 01 Jun 2026
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Anthropic confidentially files for initial public offering on US stock market (www.theguardian.com)
submitted 2 weeks ago by Wudi@feddit.uk to c/technology@lemmy.world
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[–] rumba@lemmy.zip 22 points 2 weeks ago (1 children)

I worked for a company once that went IPO and we had stock units assigned to us.

CEO: Companies try to stay private for as long as they can, they don't just IPO for the hell of it. They're trying to solve a problem with money. Maybe they owe people money, maybe they need to spend a bunch of money to take the company to the next level. An IPO doesn't fix any problems; rather, it turns one set of problems into a bigger, harder set of problems.

[–] Croquette@sh.itjust.works 21 points 2 weeks ago (1 children)

Founders try to cash in. They've raised the cow, now's the time to send it to the butcher for parts

[–] rumba@lemmy.zip 4 points 2 weeks ago (1 children)

You don't have to IPO to cash out, people cash out of private ventures all the time.

If the founders all want to cash out at once, or there's a iceberg that the see, or the company isn't as liquid as it needs to be to cash out....

I strongly suspect they either can't find or sustain the profit, or they think the bubble is close enough to get out early.

[–] Croquette@sh.itjust.works 2 points 2 weeks ago (1 children)

IPO brings a lot of money though, much more than seed money.

[–] rumba@lemmy.zip 2 points 2 weeks ago

It brings tons of money, but also a microscope and public disclosure. You lose a LOAD of control over the company and get to be inspected by lots of entities. And if you have a badish quarter, you're held directly accountable by the public.

They usually don't want all that if the company is doing fine.