PRC-3 · Chapter 4 · Question 43 of 65
A highly successful private tech firm wants to raise massive capital to build a new campus. It decides to offer its shares to the general public on the stock market for the very first time. This is called:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Initial Public Offering (IPO)
Explanation
An IPO is the process where a private company issues its shares to the general public for the first time via a stock exchange.
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