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Initial Public Offering Definition

Initial public offering – n : the event of first listing the stock of a formerly private company on a public stock exchange (e.g., NASDAQ, the New York Stock Exchange, etc.) so that the company’s shares can be freely traded – bought and sold – by the investing public; commonly referred to by its abbreviation (IPO); going through the process of an IPO is often referred to as going public.

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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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