When Potbelly sold stock to the public in its IPO,it did so through the NASDAQ market.This was an example of Potbelly using ________ to raise funds.

Question

Quizplus · Accepted Answer

Potbelly selling stock to the public through NASDAQ market refers to the act of the company using direct finance to raise funds. Direct finance is the process of raising funds directly from investors. In this case, Potbelly wanted to increase its capital base and did so by issuing shares of stock to the public in exchange for money.

When Potbelly Sold Stock to the Public in Its IPO,it