At this point, they might as well do a direct listing. Raising more money would just cut their valuation further and as soon as they list everyone can dump 20% of their holdings to provide liquidity.
But either way, they should have at least IPO'd in 2019, just like the rest of the companies out there who raced to the exit [0] [1] instead of a 50% valuation cut from $95BN.
But either way, they should have at least IPO'd in 2019, just like the rest of the companies out there who raced to the exit [0] [1] instead of a 50% valuation cut from $95BN.
[0] https://news.ycombinator.com/item?id=20993919
[1] https://news.ycombinator.com/item?id=31062658