How does company raise cash with IPO?

A company raises cash through an Initial Public Offering (IPO) by selling shares of its stock to the public for the first time. This process involves underwriting by investment banks, which help determine the offering price and facilitate the sale of shares to investors. The funds raised from the sale of these shares provide the company with capital for growth, debt repayment, and other strategic initiatives. Additionally, going public enhances the company's visibility and credibility in the market.