What are good reasons to NOT want to go public

It seems that this is the ONLY goal in America's economic system of corporatism: Simply to flip a company and get the hell out.
So why would companies NOT want to go public, since people make
millions in IPOs. They can take their money and run, and start a new business.
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wrote:

Ask Bechtel, for one. Refer to my post on Google(TM) going public several years ago as to why THEY went public. Look at some changes in the laws which might mean fewer companies will go public. Don't you realize the whole "system" is just designed to steal the working man's labor?
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William Ernest Reid
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2.7182818284590... wrote:

Nope, plenty have chosen to go private from public.

Basically you are much less accountable to anyone else on what you choose to do policy wise.

Plenty just get stinking rich and carry on running the same business.
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wrote:

Plenty of reasons not to go public.
One, you do not have to comply with Saborns-Oxley (sp?) and lots of reproting to the SEC. If you issue bonds you have some stuff to comply with, but not nearly as much.
Two, you have far fewer shareholders to answer to. If you are a slow growth but steady profit business there is no pressure to "get into something unrelated but growing."
Three, if you are the owner you have far more control. Before 1955 (they say even after) when Ford went public it is said Henry Ford II would take uppity executives to the parking lot and tell them to read whose name was on the building. I doubt anyone needed to be walked out twice.
Four, you can have longer term thinking. How many "restructuring" plans has GM had in the last 5-10 yars alone? Pontiac was going to be the "excitement" division, then the outlet for Holden vehicles in the USA, then it got closed altogether.
There are lots of reasons.
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2.7182818284590... wrote:

The only reason *to* go public is if you realize that the only way you'll survive is to attract a lot of funding to grow. Other than that, it's usually a fairly bad idea. If you can found a little niche business as a cash cow, you live easier with all the "chasing the stock market" cruft.
-- Les Cargill
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Les Cargill wrote

That is just plain wrong. The other obvious reason to do it is to get stinking rich like Gates and Brin did going that route.

Thats just plain wrong too. Its certainly got some real downsides, but some advantages too.

Yes, but that is a hell of a lot easier said than done.
And you wont get absolutely stinking rich like Gates and Brin did that way either.
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Try explaining how Henry Ford got so stinking rich without going public, fool.

What isn't, fool?
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AZDuffman wrote

Never said it wasnt possible to get stinking rich without going public, fuckwit.
Ford never did get as rich as Gates or Brin.
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Funny, though, YOU are the one who always finds one exception and then inserts it then ends it with "fool."


He was probably worth more in real terms.
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AZDuffman wrote

Nope.
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Rod Speed wrote:

Gates *DID NOT WANT TO GO PUBLIC*. Brin, I dunno the story. I think they pretty much expected it, but maybe not.

My God. Have you ever worked for a startup? I have. If you don't *HAVE* to go public, you *DON'T*. It's that simple. It's a fact stated in the very first business plan.
Being private is much, much, much simpler. In essence, going public means the founders are out.

It's not that hard. I know a half dozen who did it.

Probably not. But you'll still get very stinking rich, nontheless. This just in: not all rock stars are in the Rolling Stones, either....
-- Les Cargill
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Les Cargill wrote

Irrelevant to the fact that it was that that made him absolutely stinking rich in a way that your alternative couldnt possibly have done.

Not only expected it but deliberately chose to go that route.

Yep. And you dont need to work for one to work out those basics anyway.

Try telling that to Brin. Dont be too surprised when he just laughs in your face.

And then the world moved on and anyone with even half a clue noticed that going public is what produced the richest man in the entire world and most of the others in modern times as well.

Yes, but nothing like the same capacity for becoming stinking rich.

Like hell it does. Brin isnt out, and Gates wasnt out for a hell of a long time after going public either.
Murdoch and Buffet aint out either.

And not one of them got anything like as stinking rich as Gates, Brin, Buffet or Murdoch.

Absolutely certainly not. You cant list even a single example of anyone who has ever got anything like as stinking rich as Gates, Brin, Buffet or Murdoch going that route.

Sure, but they dont get anything like as stinking rich as those who went public in modern times.
The world's moved on.
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Rod, he isn't talking about some fireworks stand or adult video store your family ran.

So, Rod, you know why Brin went public? It isn't always about making more money. At some point another few million beomes meaningless. But other things come into play. One being taxes. If Gatges had not gone public and he died there would have been monster tax bills, which probably would have meant the end of MS as an independent company.


Well, I'm sure Rod has the "stinking" part down as he talks like someone with hit-and-miss personal hygnene. Now if he could just get the rich part down he would have the whole deal.
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