Arborview Plant Science Company Has Invented a Drought Resistant Grass

Arborview Plant Science Company has 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) .