IPO market is cycle-driven. Two things need to happen: market has to be performing well and retail sector needs to have cash to drop on IPO gambles. Most professionals in the sector refer to it as secondary offering, not IPO. IPO is more of a consumer term. There used to be a time when there would be several companies every week exploring IPO. Today there are virtually none. You may see a few companies pursuing IPO pricing, but that's not actually an offering, and it is done more for hype. The only monetization angle here would be to hold (years?), wait for better market conditions, and maybe eventually try to monetize small to medium size retail investors who aren't ready to drop thousands of dollars per month to the likes of Bloomberg on IPO market insights.
Today, IPO is just a cool 3-letter domain. In my opinion, it's a hard sell.