The reason a float is a bit more nuanced is that when you're dealing with the big utility companies, if you're a little private company that doesn't put out its accounts, they don't trust you. I'm exaggerating a bit, but being public means you put out an annual report.
We put out all our statements to the stock exchange, we've got visibility, we've got an independent board and it just elevates us and people can see that we're much, much bigger. It gives us the kind of credibility we need quite apart from the money. We actually could have easily raised the money and stayed unlisted but being listed gives us the stability.
Phil Hutchings, RedFlow
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