Which type of company has the right to raise money from the general public?

Name: Which type of company has the right to raise money from the general public?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Public companies have the right to raise money from the general public through activities such as IPOs (initial public offerings) and secondary offerings. Proprietary and private companies do not have this right as they are not publicly traded and their shares are not available to the general public.

Which Type of Company Has the Right to Raise Money