Mar. 3 at 7:22 PM
$VVPR IPOs are extremely expensive. A company with about
$100M in revenue will pay between
$9-26m to go public. For a company generating
$100M a year, this means an IPO cost 16% of their revenue to raise a round of capital : likely the most expensive capital raise of the company's life. Chin doesn't have this money nor will he ever, (he is a pocket thief, robbing innocent ppl of their weekly paycheck) this is why Tembo-Caret merger will never happened and it will never IPO.