With the increased availability and scope of funding provided by private markets, many companies are staying private simply because they can. McKinsey & Company reports in its Global Private Markets Review 2018 that global private market fundraising increased by $28.2 billion from 2017, for a total of $748 billion in 2018. Thus, given the abundance of private capital available, companies no longer require public markets for sufficient funding. Benefits may include avoiding the cost of an IPO (the average operating company going public in 2019 paid $750, 000 USD), maintaining more control of the company, and having the 'legroom' to think long-term rather than focus on short-term or quarterly figures.