Reason for IPOs

Hey Baraka tribe! I was reading the April 13th and 14th akhbaraka newsletters and noticed so many companies are planning to go public or being handed IPOs? I was wondering if there is any specific reason behind it?

And how is going public beneficial for a company? Thank you!

Going public is just another way of raising capital - usually for expansion purposes. Earlier, companies with a stable consumer base, business model, and positive earnings used to go public.

Now, loss-making technology firms like DoorDash are raising billions in public listings. What do you feel about that?