Related to the Economics in Practice on page 235: In 2010, Tesla Motors decided to become a public company by offering shares of stock to the public on a stock exchange. Like most other firms, Tesla relied on ________ to manage the sales of stock from its Initial public offering.

Question

Quizplus · Accepted Answer

Investment banks are typically relied upon by companies to manage the sales of stock during an Initial Public Offering (IPO). They help in setting the price of the shares, underwriting them, and marketing them to potential investors.

Related to the Economics in Practice on Page 235: in 2010