https://techcrunch.com/2021/10/22/working-to-understand-rent-the-runways-ipo-valuation/

When you file to go public, you want folks to like the numbers. You do not want people to mock the numbers.

The most extreme version of this obvious truism was WeWork’s first run at the public markets. It filed, everyone found its results to be ridiculous, and the IPO eventually got yanked. A more modest — yet still negative — reaction can be found in Box’s first attempt at going public.