In the course of my practice, I often encounter the owners of medium-sized companies who are interested in discussing the possibility of taking their companies public. These are the founders of successful companies who sincerely believe that their company is on the cusp of being a public company.
Generally, these owners are surprised by my answers to their questions. First, I tell� them that many good and successful companies are not candidates for becoming public� companies. They may not be large enough. Or the business may be in a cyclical industry� that is not suited to being a public company. In other cases, companies may not have the� two to three years of solid earnings that the market requires.
