Which of the following best describes those shares sold when a company goes public which raise new capital?

Name: Which of the following best describes those shares sold when a company goes public which raise new capital?
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Question

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When a company goes public and sells its shares to the public for the first time, it is called an initial public offering (IPO) and the shares sold are part of a primary offering. These shares are sold to raise new capital for the company.

Which of the Following Best Describes Those Shares Sold When