CEO’s often call and ask me what the revenues and net profit should be before going public, they seem to think that there is a magic number that qualifies a private company into becoming a public company.There is no set amount of revenues or net profit that is required to take your company public, then when is the absolute best time to go public?The short answer would be when you don’t need to, or your company is not desperately looking for financing in order to survive.Instead you are looking for capital in order to finance growth and expansion, or you would like to use the public shares as currency to make acquisitions.But life isn’t always perfect, so we will take a look at a few questions asked by CEO’s that have called me looking to go public.What should revenues and net profit be before going public? A company could conceivably have 5 consecutive year of profitability and be a bad candidate for going public.I recently had a CEO called me from such a company, the revenues and net profit were identical for the previous five years but robust compare to many of the companies you see going public in the… Read full this story
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