The article discusses the potential for Keller Williams to go public with the help of Stone Point, a private equity firm. By issuing additional shares, Keller Williams could raise primary funds while diluting existing ownership. Private equity aims for investment returns by improving business value and potentially facilitating an IPO in the future. However, experts, including Steve Murray, suggest that while an IPO could occur, it is not imminent. The focus will be on enhancing earnings and cleaning up the business first before progressing toward public offering.
"If the company is thinking about going public, they could be looking to raise primary funds by issuing additional shares and diluting, to some extent, the existing holders of the company."
"Private equity needs to create that return... it is about laying the seed for future returns where you're going to invest in the business and then look for a way to monetize it over a five- to seven-year time frame."
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