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How does a company raise capital from an IPO?

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Hello,

If it is the owners of the company that profit from selling their shares to the public, how does that benefit the company? How does that raise capital for the company if the owners get all the money? Everywhere I read that one of the main reasons why companies decide to go puclic, is to raise capital so they can grow. But how??

Please help.Thanks.

 

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