3 ms·
It allows the company to raise money and existing shareholders to cash out or at least to turn their shares into liquid ones (that they can sell easily), with a
by mytailorisrich 2y ago
It allows the company to raise money and existing shareholders to cash out or at least to turn their shares into liquid ones (that they can sell easily), with a "real" market value.
In this case, the article says that they've raised $200 million, which means they sold new shares as part of the IPO.