Utilities Inc.decided to go public by an initial public offering.It sold securities,some of which were bought by James Jefferson.Six months later,Mr.Jefferson sold the Utilities shares he had purchased to Martha Graham and Mark Franco.Two years later,Mr.Jefferson bought back the Utilities shares from Ms.Graham and Mr.Franco and made a profit out of both transactions.Identify the issuer in this scenario.

Question

Quizplus · Accepted Answer

Utilities Inc. is the issuer as they are the ones who decided to go public and sold securities through an initial public offering.