How does a private company go public? What is the process and requirements? Is there a set amount of profit that a company has to make before going public?
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A company goes public by listing its shares on a public market (say NASDAQ, NYSE) so anyone can buy or sell them.
There are lots of requirements in order to do so, but profit isn’t one of them. A company mainly has to have its financial reporting in order so it can disclose its books to its investors (so, basically everyone) every quarter.
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