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Which one of the following is not the true reason why firms want to go public? A. The original shareholders' liquidity needs to sell shares.

Which one of the following is not the true reason why firms want to go public?

A. The original shareholders' liquidity needs to sell shares.

B. Firms want to attract potential buyers.

C. Firms want to win a first - mover advantage over competitors.

D. Firms want to receive more funding from venture capitalists.

E. Firms want to take advantage on good market timing

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