Private Equity Exit Strategy Valuation

In the context of private equity investment, exit strategies are crucial for realizing returns on investments. A private equity firm has invested in a technology start-up and is considering the best exit options. The firm is particularly interested in maximizing its exit value while minimizing potential risks associated with the market conditions at the time of exit.

Which of the following exit strategies is generally considered to provide the highest potential valuation while also allowing the firm to leverage its established reputation?