Put this in your own words! The textbook teaches that when a private company needs funding to expand or to take advantage
of other opportunities they may choose to obtain financing by going public with their company
(Ferrell, Hirt & Ferrell, 2014). This can be accomplished through a process known as IPO, or
initial public offering This simply means that you become a publicly traded corporation by
selling stock that can be traded in the public market (Ferrell, Hirt & Ferrell, 2014).
One such example of a company that has recenth gone public through an IPO is Shake Shack
Shake Shack went public, though IPO in 2015 (Shake Shack Inc., 2015) Shake Shack describes
themselves as a modern day roadside burger stand and offers items such as burgers, hot dogs,