Angie owns and runs Archana, a private start-up company with a current value of $1.3 billion. Archana is interested in going public to fund future growth. Which action should Angie take before Archana's initial public offering?
A. Angie should come up with a business plan for what Archana will do once it is no longer publicly traded.
B. She and senior managers should write down their code of ethics.
C. She should investigate Archana's existing or potential problems with ethics or the law, if such problems exist.
D. Angie should not embark on an IPO until Archana's value is higher.
Answer: C
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