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[-] Mandy@sh.itjust.works 12 points 3 months ago

Whats events point of going public? Arent they making profit? Or what does it even do for then now?

[-] Oaksey@lemmy.world 15 points 3 months ago

In general the reasons could be, an opportunity to raise capital meaning they can ramp up production or produce a better product, and/or the current owners want to cash out.

[-] Croquette@sh.itjust.works 13 points 3 months ago

Most of the time is for the owner to cash out. Either now, or in a short time when the ramp up is done, for more money.

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this post was submitted on 11 Jun 2024
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