Multiple Choice
John's medical device company has just surpassed $7 million in annual sales.He needs a large amount of capital to expand his company into Europe and Asia.He plans to raise the necessary capital by selling a large percentage of his shares to the general public.What is this sale of stock called?
A) private placement
B) IPO
C) debt financing
D) bootstrapping
Correct Answer:
Verified
Correct Answer:
Verified
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