Question

An initial ______________ is the first time a corporation issues stock that may be purchased by the general public.

a) Public offering
b) Private placement
c) Stock repurchase
d) Dividend payout

Answer 1

An initial public offering (IPO) is the first time a corporation issues stock that may be purchased by the general public.

Step-by-step explanation:

A company's first sale of stock to the public is called an initial public offering (IPO). This is the answer to your question about the initial phase when a corporation issues stock that may be purchased by the general public.