If I own a huge amount of a successful company, getting that asset liquid makes a lot of sense. Aside from being to sell at any time, being public means more bi

If I own a huge amount of a successful company, getting that asset liquid makes a lot of sense. Aside from being to sell at any time, being public means more bidders = probably a better price. I don't see it as a progression so much as two motivations in balance. Sarbox &c make being public less appealing for a company. So, when one force gets stronger, the equilibrium moves.