Another angle to think about is the opportunity the company has to raise additional capital after IPO. All things equal, if the share price offered by the marke

Another angle to think about is the opportunity the company has to raise additional capital after IPO. All things equal, if the share price offered by the market is higher, it is cheaper for the company to raise additional capital by selling additional equity. The company will usually also have an alternative way of raising capital by taking on debt rather than selling equity.