I'm not too sure about this. Stripe has double trigger RSUs with a 6 or 7mo lock up. Let's say they went public in '21 instead of raising money in June of that

I'm not too sure about this. Stripe has double trigger RSUs with a 6 or 7mo lock up. Let's say they went public in '21 instead of raising money in June of that year. The market would've already turned by the end of the lockup period. By delaying the IPO there is still some chance that the shares can be sold on the public market for more than the grant price -- I would note that this really benefits Stripe hired post-2020 but at this point that's like 75% of the company.