Which of the following is NOT generally considered an advantage of transitioning a firm from a private business to a public corporation, despite the time and expense required to do so?
the original founders of the firm can use some funds raised in the IPO to diversify their own investments
it establishes a firm market value for the firm, since the going price per share is now public information
it reduces the firm's cost of raising additional capital in the future, because the the stock will be more liquid
it reduces the firm's cost of raising additional capital in the future because everyone knows how much of their OWN money the founders are investing in the firm (how much "skin in the game" they have)
all of the above are advantages of going public