The first time a firm sells shares of stock to the public is called a(n) ___________ offering.

Question

Quizplus · Accepted Answer

The first time a firm sells shares of stock to the public is called an initial public offering (IPO). Therefore, the best choice is D) Initial public. Secondary offerings occur when a company has already gone public and wants to sell additional shares. Tertiary offerings are not a common type of offering. A market offering does not refer to a specific type of stock offering, and an open offering is not a common term in finance.

The First Time a Firm Sells Shares of Stock to the Public