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Whats events point of going public? Arent they making profit? Or what does it even do for then now?
Their goal shifts from making cool hardware to… money, make money at all costs to appease the shareholder devils.
In general the reasons could be, an opportunity to raise capital meaning they can ramp up production or produce a better product, and/or the current owners want to cash out.
Most of the time is for the owner to cash out. Either now, or in a short time when the ramp up is done, for more money.
More money.