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RE: LeoThread 2025-07-01 12:43

in LeoFinance3 months ago

Part 5/8:

Another critical aspect of the financial audit reveals the company's significant debt load. At the end of the second quarter before the IPO, the company retained approximately $40 million in cash against a staggering $320 million in net debt. This debt chiefly arises from credit facilities and term loans obtained from major banks, some of which are ironically also underwriting the company's IPO.

Prospects Post-IPO