Why did your SME decide to go public through an IPO?
Having successfully executed our Initial Public Offering (IPO), the company strategically addressed several key objectives. The IPO served as a means to raise crucial capital, essential for bolstering our day-today operations and facilitating the smooth transition of business activities. Recognising the importance of working capital in achieving both short-term and long-term goals, this step was vital for the expansion and sustained growth of our enterprise. Additionally, the decision to go public aligned with the broader objective of providing investors with an opportunity for portfolio diversification. Also, our company recognised the significant role played by MSMEs as the backbone of the economy.
This story is from the February 10, 2024 edition of BW Businessworld.
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This story is from the February 10, 2024 edition of BW Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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