Which of the following statements is false?
A)An initial public offering (IPO)occurs when the company first offers their shares for sale to the public.
B)A seasoned new issue is the term used for any additional sales of new shares to the public after the IPO.
C)An underwriter,usually an investment banker,advises the corporation on matters concerning the sale of shares and helps to market those shares for a fee.
D)An IPO does not mean that a company is "going public."

Question

Quizplus · Accepted Answer

An IPO is the process by which a company goes public by offering its shares for sale to the public for the first time. Therefore, statement D is false as an IPO indicates that a company is "going public."

Which of the Following Statements Is False