Thoughts on PE-owned public companies?

How to understand motives of PE-owned public companies and how their stocks play out?

  • PortCo IPO: downward stock pressure because sponsor is exiting the stake? 
  • PE investment: KKR did a minority investment and then bought out some pubCo whole? H&F investing in 7.5% stake in Splunk, what's the end game here? Does market expect H&F to buy it out eventually? 
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