When a company offers its shares to the public for the first time, the issue is called:
- A.A rights issue
- B.A follow-on public offer
- C.An initial public offering
- D.A private placement
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An IPO is the first sale of shares by a company to the general public, after which the shares are listed and traded on a stock exchange; it belongs to the primary market, because the money raised goes to the company itself.
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