What does it mean when a company “goes public”?
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A company going public means that they’re going to take a percentage of ownership shares in the company and put it up for sale on a public stock exchange like the NYSE or NASDAQ. This gives them access to a lot of shareholder money to finance growth, but they are now required to publish detailed financial records about their operations to enable public investors to make informed decisions. They’ll need to publish annual summaries of their profits, assets and liabilities, cash flows, etc.
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