Public offerings on corps

Would someone be so kind and bring me up to speed on the pros and cons of public offerings on a countries corporations please?

Thanks

Well, you get cash and in return you offer a share of profits of the company that will return monthly income to shareholders in the form of dividends. Additionally, if no country or enterprise (excludes investment funds) owns 25% or more of the corp, it is considered to be truly public and is allowed to further upgrade to 250 in quality and effectivity and produce at a quality higher than other corps.

Thanks for the help Aries

IFs are a lot keener in snapping up shares now, it's harder to control who buys them, like when you could IPO over to your CEO. So beware of that.