Answer:
The term initial public offering describes a transaction in which a firm sells securities directly to an investor or to a small group of investors is False.
Explanation:
- A first sale of stock or stock dispatch is a public contribution wherein portions of an organization are offered to institutional financial backers and typically additionally retail financial backers.
- An IPO is ordinarily endorsed by at least one speculation banks, who likewise organize the offers to be recorded on at least one stock trades.
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