Well, in the case of WeWork, a current holder of WeWork stock might "undersell" it because their basis is already so low. It's a huge profit, and you get real,

Well, in the case of WeWork, a current holder of WeWork stock might "undersell" it because their basis is already so low. It's a huge profit, and you get real, hard cash in exchange for the security. It's not a bad trade if you believe the public market won't believe in your business (regardless if you think it's the best thing ever), and you also want millions of dollars.