The newspaper reported that the IPO could be completed late this year or early in 2015 and could give IMC a stock market value of about
"We aren't commenting on speculation," IMC's CEO
The head of the entity that organizes and promotes
"In general, they were pretty clear from the beginning they were going to go public," said
IMC also owns World Market Center in
Experts say it appears to be a good sign for
Conley said that an IPO would give people within the furniture industry locally and beyond a chance to take ownership of IMC.
"Whether it's an overall good thing, I'm really not certain," said Conley. "I would love to see how many shares are issued. I would love to see if people locally are going to be able to purchase some stock. That would certainly help us and make us feel better."
Brod said an IPO means the company would essentially be "selling a claim in the future profits of running both markets."
He said the general public might not notice such a change in IMC's financial structure.
"There's a whole literature about IPOs and how they're designed to generate a bump in the price and make a profit for people first in, and get the market excited about the stock so rank and file investors are sure to keep the demand for the stock up and keep the stock price up," said Brod.
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