Maybe, but I think part of the fear behind the IPO is that some bully type investor like Icahn will do a takeover/weigh-in and mess it up, towards a profit driv

Maybe, but I think part of the fear behind the IPO is that some bully type investor like Icahn will do a takeover/weigh-in and mess it up, towards a profit driven enterprise. With major ownership held by someone else, this becomes less likely.