Please find me a time when it was common to IPO with profits. Here's a hint: you won't find such a thing.
IPOs are fundraising events. High growth companies are almost by definition losing money. The idea is to raise money in order to fund expansion. Companies don't even attempt to be profitable during this phase.
IPOs are fundraising events. High growth companies are almost by definition losing money. The idea is to raise money in order to fund expansion. Companies don't even attempt to be profitable during this phase.