Does the 'dual-track' exit strategy conclude with the company choosing to pursue both an IPO and a private sale simultaneously until the day of the public listing, or does one path eventually supersede the other?

A dual-track process does not result in a company pursuing both paths indefinitely; instead, one path eventually supersedes the other. The strategy involves preparing for an Initial Public Offering (IPO)—the process of offering shares of a private corporation to the public in a new stock issuance—while simultaneously running a competitiv....