I might be able to provide context as a money manager and employee of a pre-IPO startup that considered IPOing right now. Companies prefer to IPO when they sho

I might be able to provide context as a money manager and employee of a pre-IPO startup that considered IPOing right now. Companies prefer to IPO when they show the strongest growth as it likely will lead to the highest valuation at time of IPO -- regardless of other fundamentals (such as profitability). These companies are likely doing very well for a combination of reasons: - Lockdown has increased use of their services - The market is in a large upswing right now This makes their growth look phenomenal to investors, and likely, their board members who want to cash out see this as an opportunity. There has been a bit of a "dead zone" for around the last year with people thinking the market was going to slow down for a recession and it has been considered hard to "raise money". A lot of people also believe a longer recession is still coming (I'm one of them). This means that we likely have a short window where growth / income look fantastic for a few companies. The next opportunity might be in 2-3 years. -------------- Also, as an investor, I think this is terrible practice as I believe the fundamentals of the investment are far more important than black swan-type of events giving you a growth spurt.