In an initial public offering, a firm (typically working with an investment banker) sells its equity to the public at large.

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In an initial public offering (IPO), a company sells its equity to the general public for the first time under the guidance and support of an investment bank or underwriting firm. This process enables the company to raise capital by offering its shares, which previously were not accessible to the public.

In an Initial Public Offering, a Firm (Typically Working with an Investment