Why did RKT just IPO recently to raise cash only to possibly start a share buyback a few months later? Something seems kinda weird here. If there were in need of cash enough to IPO, why are they doing a share buyback so recent unless they really needed that cash but only in that ~3 month period in which case, wouldn't a loan have been better and more efficient?
Submitted November 10, 2020 at 08:31PM by yodigi7 https://ift.tt/3llbeNZ
