Utilities Inc. decided to go public with an initial public offering. It sold securities, some of which were bought by James Jefferson. Six months later, James sold the shares he had purchased to Martha Graham and Mark Franco. Two years later, James bought back these shares from Martha and Mark and made a profit out of both transactions. Who is the issuer in this scenario?

Question

Quizplus · Accepted Answer

Utilities Inc. is the issuer as they initially went public with the offering and sold securities.