3 ms·
They are prepping for an IPO. (note - for anyone not familiar, a common strategy just before an IPO is to cash out on a large chunk of capital so as to sweeten
by mbesto 13y ago
They are prepping for an IPO.
(note - for anyone not familiar, a common strategy just before an IPO is to cash out on a large chunk of capital so as to sweeten the deal for the much larger public capital raise)
- prostoalex 13y agoMmm, how does having less capital on hand benefit the company that's approaching public markets for financing?