Assure Pharma Corp.,a private corporation,sold its stock to raise the money it required for global expansion.As a result,anyone could buy,sell,or trade the stocks of the company.The process adopted by Assure Pharma Corp.to raise money is referred to as _____.

Question

Quizplus · Accepted Answer

The process of a private corporation selling its stock to the public for the first time to raise money is known as an Initial Public Offering (IPO). This allows the company to raise capital from public investors.