As I understand it, there are two reasons to go public: to raise money, and for investors to exit. From the way they are going public (direct listing), it doesn

As I understand it, there are two reasons to go public: to raise money, and for investors to exit. From the way they are going public (direct listing), it doesn't appear that they are trying to raise money. For investors, some companies get large enough that there isn't anyone who can buy them in whatever sector they are in. Going public is a way of them exiting the business and getting cash out.