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Re: fojcol post# 7737

Friday, 10/20/2017 7:30:15 PM

Friday, October 20, 2017 7:30:15 PM

Post# of 72932
You can easily go public in the way I described. You don't need underwriters. You do, however, need more than 30 people who bought "friends and family" stock and have held it for more than one year. They're particularly important if you intend to file an S-1, because they'll be expected to sell their stock (at a profit, of course) to create a public float. Alternatively, the company can self-underwrite the offering, and by so doing, raise funds for the enterprise.

Of course it's not guaranteed anyone will be interested in buying. But someone like Kiva should know all kinds of deep-pockets types, right?