Photos: Winter Weather; Storm brings biggest waves on earth to the Northwest coast The Weather Network; Week in Weather: January 19; Temperatures in Orlando area drop to coldest since 2010 Tribune News Service; South awaits thaw from snow, icy roads and numbing cold Associated Press
Selling shares of stock to investors is a common way that companies attract capital that they can use to fund new projects and growth. An initial public offering, or IPO, is a company's first sale of stock to the public. When a company files for an IPO, it plans on selling stock to the public, which means the company goes from being privately owned to being publicly owned.
Answer Wiki. They won't go public soon because they have to deal with legal troubles from violating the New York Taxi Commission and traffic laws in South Korea. Once they clear up the majority of the problems, then they can consider going public.