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Which accurately describes an initial public offering?

Which accurately describes an initial public offering?
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3 votes
Which accurately describes an initial public offering?

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User Oz Radiano
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Answer: the first sale of stock to the public

Step-by-step explanation:

answered
User Locoluis
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An initial public offering is the first time that a company offers sale of stock in the company to the public.   It shifts the company from being a privately held company (held by just a few persons) to a public company.  Shares of stock in the company are thus becoming available on the stock exchange for the first time.
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User Francisco Junior
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