IPO is an offer whereby a company announces the sale of equity to the public.A company that wishes to switch from LTD(private) to PLC(public) issues an IPO to the public inorder to expand their capital base.In order words,IPO simply means GOING PUBLIC.
In the tune of going public,intending investors are provided with a document called PROSPECTUS.It states the details about the equity being offered to the public,the organisation's activities,financial information that will help investors make informed judgement.
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