Glossary

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IPO (initial public offering)

When a company issues its shares to the public for the first time, the process is referred to as an initial public offering (IPO). A private company whose shares were previously held exclusively by a limited circle of individuals becomes a public company when its shares are listed on an exchange. Most times, an IPO is handled by an underwriting syndicate consisting of one or more investment banks.

See alsoOfferingGoing Public
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