IPO
Initial Public Offering — a company's first sale of stock to the public.
Definitions
The day a private company finally lets outside investors buy a piece. Bankers price the deal the night before, the stock opens the next morning, and founders find out in real time whether they're billionaires or just rich. Underprice it and you've left money on the table; overprice it and it breaks issue and your CFO hates you forever.
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