A company usually conducts a Follow-on Public Offering (FPO) to raise additional capital. This is typically done through a dilutive FPO, where new shares are issued to generate new funds. 

Here’s why a company might need an FPO:

Raise Additional Capital

The primary reason for an FPO is to bring in more money to the company. This additional capital can be used for various purposes, such as:

• Expansion: To fund growth initiatives, like opening new branches or entering new markets.
• Debt Repayment: To pay off existing debts and reduce interest expenses.
• Operational Needs: To cover day-to-day operating expenses or invest in new projects.