Multiple Choice
Celera Inc.,a soap manufacturing firm based in Colorado,needs to raise capital to fund its product development plans.The firm decides to offer its shares of ownership to the public for the first time,and lists its securities on a public exchange.This is termed as ________.
A) a private placement initiative (PPI)
B) a secondary market offering (SMO)
C) a secondary equity offering (SEO)
D) an initial public offering (IPO)
E) an international funding foray (IFF)
Correct Answer:
Verified
Correct Answer:
Verified
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