Quote Originally Posted by iheartthed View Post
He doesn't have to take the company public to sell stakes in the company, but they have calculated that an IPO is the best way to raise money right now. Also, this type of IPO is different from IPOs that we see in tech, because so much of Quicken is held by Gilbert himself. With tech companies, a lot of the company is usually owned by employees, so a large IPO can create 100s of millionaires at once. I don't think many Quicken employees actually hold a stake in the company, so it's hard to see how this really changes the dynamic.
So they go public so they can do nothing with the raised capital... that makes sense to you? At the very least it means a lot more invest will be going on and a lot more jobs even if we have no idea how many people at Quicken own a stake.