Some of the signs that a company might go public continued:
Policies and procedure changes: Another sign that a company may be considering going public is if there is a series of new policies and procedures that are implemented. For example, new financial controls that may be more geared towards the rules and regulations for filing on the SEC and perhaps even assigning external board of directors to help oversee the business.
Selling off parts of its business: When a company starts selling off parts of its business that are not core to its main business it may be a sign they are getting ready to go public as well. While this could simply be just a healthy process for the company to focus on what is vital for its success, it could also be in accordance to making a better presentation to shareholders demonstrating that the company is focused.
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