I was just reading about how renowned investor Warren Buffett just bought the first share in Homeward Bound's Oma Village family housing project. Can anyone describe the process for having an IPO for a 501c3 non-profit?
I'm very intrigued by the idea, but confused with the implementation and execution; I would love to model our non-profit around the premise of the general public having a shareholder's stake in the company. How do you start the IPO? Would you need to file SEC reports? Would this company be listed in the stock market exchanges? So many questions...
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Another example would be that of the Green Bay Packers, which is a non-profit with public stock. For all intents and purposes this is what I want to establish. It looks like a lot of work, but in the end this is what is needed.