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Business, 02.01.2020 23:31 djgunderson

Why do company manager-owners smile when they ring the stock exchange bell at their ipo?
a. manager-owner are freed of burden of managing their company.
b. an ipo reveals the value of the manager-owners' value.
c. managers owners receive their first stake in the company at an ipo.
d. an ipo's price goes up on the first day, generating guaranteed returns for investors.

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Why do company manager-owners smile when they ring the stock exchange bell at their ipo?
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