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All responses have to have citations please! Explain the different types of exits available to early shareholders. Additionally, explain the process of from the start

All responses have to have citations please!

Explain the different types of exits available to early shareholders. Additionally, explain the process of from the start of the firm to achieving an IPO. Why do we want to have an IPO (consider different stakeholder's), when are they most advantages when are they the least advantages? Also what are the benefits and costs of engaging in an IPO?

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