Is it possible for a company to raise funds through an ICO even if it is not a startup? 
For example: Say company X manufactures chocolates but now it wants to further expand its operations and needs funds for it, can it opt for ICO instead of a Private Equity fund or a Bank Debt?
Please help I am a complete newbie and this concept is confusing me a lot
Thanks
This is why most of the companies listed on a country's stock exchange is doing this thing, they want to expand their business so they are doing fund raising such as sharing stocks to their company. For example: Say company X manufactures chocolates but now it wants to further expand its operations and needs funds for it, can it opt for ICO instead of a Private Equity fund or a Bank Debt? Please help I am a complete newbie and this concept is confusing me a lot
Thanks
And by doing an ICO it's possible to gather funds from different investors that are believing their company.
But if a legit company do this, I'm having doubts that they are going to expand. Most of the companies will just look to ICO as profiting power.