SIE Exam Practice Question 91
Question: 91
A ________________ refers to when a company first sells it shares to the public.
Correct Answer: A
Explanation:
An initial public offering refers to the event of a company first offering its shares for sale to the public. Market offerings and initial sales offerings are not generally accepted terms for this event. A rights offering refers to a group of rights, a kind of option, offered to shareholders to purchase more shares.
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