Which of the following best defines an initial public offering?

Question

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An initial public offering (IPO) is the first time a company issues shares of stock to the public for purchase. This involves the sale of securities (usually common stock) by the issuer (the company) to the public. Option A refers to the prospectus, which is a legal document that provides potential investors with information about the company and the securities being offered, but it is not specific to IPOs. Option B refers to the registration statement, which is a detailed document that must be filed with the Securities and Exchange Commission (SEC) before securities can be sold to the public, but this also applies to other types of securities offerings (not just IPOs). Option C refers to disclosure documents in general, which are disclosures made by companies to provide investors with relevant information about the company and its securities.

Which of the Following Best Defines an Initial Public Offering