A(n) __________ is the first time that a company sells its shares of stock to the public.
A) stock exchange
B) initial public offering
C) private exchange
D) stock auction

Question

Quizplus · Accepted Answer

An initial public offering (IPO) is the first time that a company sells its shares of stock to the public. A stock exchange is a market where stocks and other securities are bought and sold. A private exchange does not exist in the same manner as a stock exchange. A stock auction may occur at any time, not just during an IPO.

A(n) __________ Is the First Time That a Company Sells