A firm decides to offer its shares of ownership to the public for the first time, and lists its securities on a public exchange. This is termed as ________
A) a private placement initiative (PPI)
B) a secondary market offering (SMO)
C) a secondary equity offering (SEO)
D) an initial public offering (IPO)
E) an international funding foray (IFF)
Answer: D
Explanation: A corporation's first offering of shares to the public is called initial public offering (IPO).
Business
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