PRC-3 · Chapter 4 · Question 23 of 65
A rapidly growing private tech company decides to list itself on the stock exchange to raise massive equity capital. What is this initial process called?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Initial Public Offering (IPO)
Explanation
An IPO is the process where a previously private company issues shares to the public on a stock exchange for the first time.
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