What is the term applied to a firm that offers shares to the general public for the first time?

Question

Quizplus · Accepted Answer

An Initial Public Offering (IPO) is the term used when a company offers its shares to the general public for the first time. The company is required to go through a rigorous process to ensure that their financial statements are accurate and up to date, and they must meet certain regulatory requirements before the IPO can take place. Once the shares are offered to the public, the company becomes a publicly traded company, and the shares can be bought and sold on the stock exchange.

What Is the Term Applied to a Firm That Offers