Same reason they take private investments or loans: To grow faster than would be possible without that.
SpaceX made that even more clear by doing an explicit offering of shares to raise money just months after their IPO, which didn’t raise them any money at all but was just for investors and employees.
> SpaceX made that even more clear by doing an explicit offering of shares to raise money just months after their IPO, which didn’t raise them any money at all but was just for investors and employees
SpaceX raised $85B at their IPO that went all to the company. It was a primary stock ipo so it was all newly issued stock from teh company included teh 15% additional shoe.
The only IPO's i can see on file where companies didn't raies money were 3 direct listings
- Georgia Banking Company (GBC)
- avion Healthcare (DAVI)
- TurboGen Ltd. (TRBG),
If you know any of those companies you are deep into the cash equity markets:)
The alternative is a direct listing, where you just list your existing shares on a stock exchange.
Anthropic is expected to raise ca. $100b in their IPO. SpaceX raised $75b. Where did you get the idea that most IPOs aren't raising money?