Whether it was the golf club, the security company, the media firm, or the retail business, they were all still a long way from going public.
The requirements for years of operation and stable profitability were natural roadblocks.
A hard requirement for going public was to have been in operation for over three years. Stable profitability, on the other hand, wasn't much of a challenge; with enough investment, that could always be arranged.
In truth, time was his greatest advantage, but also his greatest disadvantage when it came to building a legacy.
His advantage was his youth.
His disadvantage, naturally, was also his youth.
Lin Chu had no particular obsession with taking a company public. After all, the main purpose of an IPO was to raise funds—or, more cynically, to rake in cash.
And he was long past the point of needing to resort to such methods.
Still, the act of going public itself seemed fun to Lin Chu. It was like a new toy—unplayed with, and therefore novel.
