Venture capitalists funded Gemini's start up with a number of rounds of financing. and in two years had accumulated 45% equity stake. After 3 years the decision was made by the venture capitalists to take the company public in an IPO. The remaining 55 percent of the company was held by Wang who was concerned about losing control. Subsequent to the IPO, the company adopted a policy of paying no dividend and financing all growth with debt, no new common shares would be issued

Can a suggestion be made for a way Gemini could continue to issue equity capital rather than debt, and still allow Wang to retain control of the business?