Polymarket Trims Staff and Contractors as It Eyes Going Public: Report
By Luci Kelemen
Polymarket laid off some full-time staff and significantly reduced the number of contractors it works with last week, Front Office Sports reported, as the prediction market reorganizes ahead of a possible initial public offering. A source disputed viral posts claiming the company cut 30% of its workforce. Contractors…
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Initial public offering
The first sale of a private company's shares to the public, after which the shares trade on a stock exchange.
An IPO raises money for the company and lets early owners and investors sell part of their stake.
More about Initial public offeringMore in Markets
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