Stephen wanted to become one of the owners of GHI Corp. when it initially became available to the general public. He participated in the

Question

Quizplus · Accepted Answer

The initial public offering (IPO) is the first time a company's stock is offered to the general public. Stephen wanted to become an owner of GHI Corp. during the IPO, which means he would be buying shares directly from the company in the primary market. The investment bank and securities exchange are involved in the IPO process, but they are not where Stephen would be purchasing the shares. The secondary market is where previously issued shares are bought and sold, which is not applicable to Stephen's desire to purchase shares during the IPO.

Stephen Wanted to Become One of the Owners of GHI