Why company growth and shareholder liquidity require different decisions
A share sale can make an owner liquid while leaving the company’s growth plan underfunded. As Vietnam develops its capital market, owners and management teams need to distinguish the value of a transaction from the capital available to the business.
This three-page Management Signal examines the allocation decision behind a successful share sale and the question it creates for owners, CEOs and CFOs: how much funding will the company actually retain?
