>>43278695No
I'll explain it in basic terms so people will relax
They're not going public, and there's also multiple definitions of IPO because Americans and English run finance
They're basically offering shares to public investors, said investors can apply to buy the shares, COVER then looks over the investors, and then will grant whomever they want to buy the shares and become shareholders
TL;DR They're giving investment and capital firms the ability to bankroll their new studio based upon the method of selling stock. They're still a private corpo