No, basically it is a buy back of employee options and stock .
Many companies raise money only to give liquidity to founders / employees and some early investors even if they don’t money for operations at all.
While Databricks is large , there are much bigger companies which would have IPOed at smaller sizes in the past which are delaying (may never do) today. Stripe and SpaceX are the biggest examples both have healthy positive cash flows but don’t feel the value of going public . Buying back shares and options is the only route if you don’t have IPO plans if you want to keep early stage employees happy
