&gt; Could someone explain the motive to go public while operating in the losses?<p>The motive is to raise capital. The same as the motive to go public any other time.<p>&gt; Isn&#x27;t the public market more averse to companies operating in the negative.<p>In very broad terms, on average, sure, probably. But there&#x27;s lots of factors in how the public markets react to a firm&#x27;s offerings, and profitability is far from the only consideration.