Becoming a plc allows the business to offer shares for sale on the stock exchange. Is is a good way to raise large amounts of finance.
However,a a stock exchange listing means anyone can buy shares-including people or orgainisations that may put their own interests above those of the business.
Competitors who buy shares have information about the businesses, but also have a say in how ut us organised or operated. Public shareholders are often more interested in gaining a quick profit than in the long-term health of the business, so they may buy and sell shares regardless of the strength of the business. This can be a drawback for the plc.
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