 This purchase laid the groundwork to positioning the company for an IPO and furthering the aim at making McDonald's the number one fast-food chain in the country.The exact process of how the company was sold is not well-recorded; it is depicted as hostile takeover sides Ray Kroc in the movie "The Founder" but that portrayal is disputed, and interviews of the time speak of a more voluntary transition.In 1965, McDonald's Corporation went public.