The IPO price is for new shares which are created, and sold by the company. VCs + founders would have been diluted a bit by that (~8% I think?) but they typica

The IPO price is for new shares which are created, and sold by the company. VCs + founders would have been diluted a bit by that (~8% I think?) but they typically[0] still own all of the shares that they did previously. [0] In some situations founders + VCs + early-employees can sell as part of the IPO itself. I do not know if that applied here.