Owners of solid, growing businesses often do not realize they can go public, or why they would want to. Meanwhile, founders who look to a listing to solve their problems are usually not ready. The right candidate has a real business, a capable team and the discipline to operate in public.
Most owners think of going public as a way to raise money. Money is one lever, but it is only one. A public company also gains an edge in hiring and retaining talent, in winning partners and customers, and in using its shares to make acquisitions. Disclosure and transparency make every one of those levers stronger.
Listed shares become a currency for acquiring other businesses.
Access to capital on better terms, from a wider pool of investors, over the life of the company.
Public company visibility and credibility open doors with customers, partners and lenders.
Liquid equity helps recruit, reward and retain the people a growing company needs.