Which type of financial market transaction occurs when a company sells stock directly to the public for the first time? a) Secondary market transaction b) Private placement c) Initial Public Offering (IPO) d) Seasoned equity offering
Which type of financial market transaction occurs when a company sells stock directly to the public for the first time? a) Secondary market transaction b) Private placement c) Initial Public Offering (IPO) d) Seasoned equity offering
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter15: Distributions To Shareholders: Dividends And Repurchases
Section: Chapter Questions
Problem 4MC
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
Transcribed Image Text:Which type of financial market transaction occurs when a company sells stock
directly to the public for the first time?
a) Secondary market transaction
b) Private placement
c) Initial Public Offering (IPO)
d) Seasoned equity offering
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