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
Yes it is possible but let me remind you that it should be a unique idea that will solve the existing problem and not just to help your own problem by funding your company. For example if your company is a chocolate and your problem is fund, I don't see any reason why you should make an ICO because you are lack of fund with your chocolate business. Chocolate is not a technology, it is raw materials. 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