Do IPOs usually generate new funding for the IPO company?
IPOs seem serve as an `exit` for private investors who bought in while the company was private?
IPOs seem serve as an `exit` for private investors who bought in while the company was private?
An IPO without raising new capital would make it more difficult to answer what every buyer should ask: "why are they so eager to sell?" It's a variation of plausible deniability.