Which of the following is NOT a significant result when a firm begins its initial sale of shares to the public in the United States?

Question

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When a firm begins its initial sale of shares to the public in the United States, it is required to disclose a sizeable degree of financial and operational detail, comply with Securities and Exchange Commission rules, comply with all the specific operating and reporting requirements of the specific exchange on which it is traded, and will now have increased regulatory requirements. However, the firm will not only have to publish financial and operational detail once a year but also on a quarterly basis.

Which of the Following Is NOT a Significant Result When