Grapefruit Splashes is a corporation that sells grapefruit smoothies at amusement parks across the United States. They are famous for their pink grapefruit sensation, which uses the juice of four grapefruits and nearly three cups of sugar. The president of Grapefruit Splashes is considering offering the corporation to the public.

• What are some of the advantages and disadvantages to the corporation for going public?
• If the corporation chooses to go public, which securities exchange would likely list its stock?
• How would this be determined? Fully explain.