When Pixar went public, the money raised from that very first sale of its shares was what it used to run its business in the future.
Pixar is a privately owned company, and it has never needed to be public.
mnli hypothesis: Pixar is a privately owned company, and it has never needed to be public. premise: When Pixar went public, the money raised from that very first sale of its shares was what it used to run its business in the future.