Seedling Plant Science invented a drought resistant grass seed that only needs watering three times each year. In order to expand distribution worldwide, the company whose product produces lush green foliage needs a large amount of funding-fast! The handful of seed scientists that own the company decide to offer shares of stock to general investors. This first-time offering is a(n)
A) Stock Equity Commission (SEC).
B) Stock Fund Offering (SFO).
C) Broad-Based Offering (BBO).
D) Initial Public Offering (IPO).

Question

Quizplus · Accepted Answer

The first time a company offers to sell its stock to the general public, the event is called an initial public offering.

Seedling Plant Science Invented a Drought Resistant Grass Seed That