Partner Mike Okaty was quoted in an Orlando Business Journal article, “Orlando tech firms go public without IPOs. Here’s why,” about the reasons why three area science and technology companies would choose to go public without an initial public offering (IPO).
Okaty said offering company stock through a means other than a traditional IPO, while controversial, presents less of a regulatory burden. But such a deal makes sense if partnering with a well-regarded management team, he added. “It defies logic a little bit, but not totally,” he said.