"There are more offerings of IPOs during periods of strong economic activity and fewer offerings of IPOs during economic downturns." "IPO" in the above statement best refers to:
A) first sale of equity interest to the public.
B) property that is pledged to secure a loan.
C) trading environment that allows investors to buy and sell existing securities.
D) instrument that takes the form of a security, generally with a maturity between one and ten years.

Question

Quizplus · Accepted Answer

IPO stands for Initial Public Offering, which is the process by which a private company goes public by selling its stocks to the general public for the first time.

"There Are More Offerings of IPOs During Periods of Strong