Why might a corporation want to raise long-term capital through a private placement rather than a public offering?

It has less burdensome requirements, reduced cost and time, the company still remains a private entity

Explanation:

A corporation might want to raise long-term capitals through private placement rather than a public offering for a number of reasons which includes;

1. It has less burdensome requirements

2. Reduced cost and time

3. The company still remains a private entity