Generally, the company going public must be incorporated under the laws of the state where it is offering securities.

Question

Quizplus · Accepted Answer

The statement is true because the company going public must be incorporated under the laws of the state where it is offering securities. This is because the state has jurisdiction over the company and its securities, and it is responsible for regulating the sale of securities within its borders.

Generally, the Company Going Public Must Be Incorporated Under the Laws