This process enables the company to raise funds for expansion and growth, and it also allows early investors and company insiders to cash out some or all of their holdings. The process of going public can be complex and time-consuming, and it typically involves hiring an investment bank or underwriter to help with the process. 

After the IPO, the company’s shares are traded on a stock exchange, and the company is subject to additional regulations and reporting requirements as a public company.

Here’s a visual of what the process looks like: