When a corporation sells stock to the general public for the first time, it is referred to as a(n):

Question

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When a corporation sells stock to the general public for the first time, it is referred to as an initial public offering (IPO). A primary market opportunity (A) refers to the sale of new securities to the public or private sales to institutional investors. A secondary market offering (B) is when existing stockholders sell shares to the public. An investment bank offering (D) is not a commonly used term. Lastly, a primary stockholder opportunity (E) is not a commonly used term either.

When a Corporation Sells Stock to the General Public for the First