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Publicly traded shells
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When a company has never offered stock to the public, it is known as going public with an IPO or Initial Public Offering. For numerous companies, going public on the Stock Market is beyond just a public offering of stock, it's an upward move into a new realm. Not only are they gaining access to raising capital, they are also improving the status and worth of their company and their brand. It's a statement that they have arrived.
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