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Related: Some US states have "public benefit corporations", that can (have to) put other goals over stockholders. Can those IPO?
by detaro 5y ago
Related: Some US states have "public benefit corporations", that can (have to) put other goals over stockholders. Can those IPO?
- m-watson 5y agoIf you are talking about for profit benefit corporations (B-Corps), they can IPO. They are essentially just C-Corps with non-financial tracking metrics written into the bylaws.
- consumer451 5y agoUser m-watson's comment made me look up if any B Corps have gone public and there certainly are IPOs. [1] Including subsidiaries of majors like Coca Cola. The few I looked up listed on NASDAQ and had overall flat performance. Which I guess is what you would expect? Disclaimer: I am an investment neophyte, would love to be corrected or expanded upon. [1] https://kb.bimpactassessment.net/en/support/solutions/articles/43000632643-publicly-traded-b-corps https://kb.bimpactassessment.net/en/support/solutions/articl...