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Posted On: 04/01/2024 3:58:01 PM
Post# of 85913
Re: StockSucker #82349
Ok a serious answer. He becomes publicly traded overnight. Then as a public company he has access to the "capital markets" thru a secondary stock offering to raise capital. Also a secondary offering is typically an opportunity to sell some of his own stock as many founders do. It also gives him access to bond markets for capital (typically further down the road). Also, typically, private companies are worth more in the public domain than private valuations and many times they are worth considerably more. Also a merger is the most cost effective method (by far) to go public. Also being a public company he has better estate planning options (charities and family, etc). Also, private companies are not "liquid" and many are sold at discounts if liquidity is needed.
Also Doc has talked about black owned publicly traded companies, IMO, he wants to be one and one of the largest.
Also Doc has talked about black owned publicly traded companies, IMO, he wants to be one and one of the largest.
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