A question for the resident experts here.
Do investors, as a rule of thumb, prefer the IPO option as an exit strategy vs., say, a merger or buyout, etc.? I've been looking into the Frankfurt Stock Exchange as an option for a possible IPO to include in my PPM as an exit strategy. The requirements are a lot easier than American exchanges, and it's far cheaper to get listed. Additionally, Sarbanes-Oxley does not apply which is a large cost for public companies.