A private corporation sells its stock to raise the money it needs for global expansion. As a result, anyone can now buy, sell, or trade the stocks of the company. This process of "going public" is referred to as

Question

Quizplus · Accepted Answer

A private corporation that needs more money to expand or to take advantage of opportunities may have to obtain financing by "going public"
through an initial public offering (IPO), that is, becoming a public corporation by selling stock so that it can be traded in public markets.

A Private Corporation Sells Its Stock to Raise the Money