Frank Cardia has been in the finance industry since 1996, and has accrued significant experience in bonds, options, fixed income investments, stocks, and private equity. Since 2018, Frank Cardia has been the managing director of Iron Edge VC, a financial services company that focuses on securing investments for pre-IPO companies. IPO stands for initial public offering. It means offering the initial share of a company’s stock to the public. It marks a company’s transition from a private to a publicly owned enterprise. By selling stock, the company’s owners and leaders can raise capital from public investors to further build the business. Before “going public,” a private company usually selects one or multiple underwriters, which select an exchange where the shares will be issued and traded. Also, before the IPO, a company relies on a narrow circle of shareholders. These include the founders and their families, as well as angel investors and venture capitalists. Switching from private to public status typically occurs when a company has reached the value of around $1 billion, which is also referred to as unicorn status. That said, smaller companies with solid foundations can also successfully go public.