Explain the following term/concept.
Initial Public Offer
Initial Public Offer refers to the process of offering shares of a company to the public for the first time. A new company or an existing company that had raised its capital earlier from promoters or other investors may offer its shares to the public when it is in need of fresh funds. The first time, the company offers its shares to the public is called an Initial Public offer.
Concept: Methods of Issue of Shares
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