Question:Data indicate that there has been an alarming decline in the number of publicly traded companies in the US. This is of course due to mergers, acquisitions and bankruptcies as well as to public firms going private, and also represents the effects of globalization (more large firms are not US firms and/or are not traded in the US). Yet some firms Shake Shack is an example have recently gone public through an Initial Public Offering. Develop a paper promoting the general decision to go public through an IPO, including both the benefits as well as the detriments of the decision.