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22.As long as there is a plentiful supply of alternative sources of finance (e.g.. venture capital and private equity) available to fund private companies, there

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22."As long as there is a plentiful supply of alternative sources of finance (e.g.. venture capital and private equity) available to fund private companies, there is no need for most companies to bother going public on stock markets. This way, companies can avoid the high direct and indirect costs of initial public offerings (IPOs)." Critically discuss this statement. (Do not exceed 300 words)

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