Capital requirements are a key issue
Reader comment on: IPO Brain Damage
Submitted by lyle (United States), Sep 19, 2017 21:32
Many companies today that are primarily software companies don't need the capital that would be raised by an IPO. Way back in time Microsoft went public only because so many employees had stock that it became by definition a public company under the rules of the day. Otherwise they would not have gone public at the time. (probably not until Gates decided to cash out). But the Alphabets, facebook etc, primarily software companies can operate with low capital, thus unless the founders want to cash out no need to go public.
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