https://blogs.ubc.ca/jkchen/2014/10/05/ikea-will-never-ipo/
In this blog, it is stated that some companies like Ikea don’t offer their IPOs. According to Shuhong, there are two main reason: if they offer the IPOs, the manager will under great pressure so that they are pushed to do something that is pernicious to the future of the companies; the cash for emergency have to turn to shareholders’ benefit.
In my opinion, there are both advantages and disadvantages to offer IPOs. IPO is actually offering the control of a company to the public in return for money, or, to be specific, capital. So there are basicly two aspects: lost (share) of control, gain of money. If the right of control is shared, the decision-making will be decentralized. This can make a decision more reasonable, whereas a decision is hard to make because everyone’s idea has to be taken in to consideration. On the other hand, money is raised, which means a company has more “power” to produce and make profit. Therefore, in the long run, IPO is beneficial to the future development.
To conclude, the advantages of IPO outweigh the disadvantages. And that’s why there are numerous companies and enterprises offer their IPO instead of not. When it comes to Ikea’s not offering, there must be some other reasons of Ikea itself that weigh the advantages.