Sadie is the president of Sadie's Stuff LLC.She owns 200,000 shares of the company.Sadie will be a very wealthy person if the company has a successful __________.

Question

Quizplus · Accepted Answer

An initial public offering (IPO) occurs when a company's shares are offered to the public for the first time. If Sadie's Stuff LLC has a successful IPO, it means that the company is valued highly by investors and that Sadie's shares will be worth significantly more, potentially making her a very wealthy person.

Sadie Is the President of Sadie's Stuff LLC