Initial public offering
Also known as: IPO · going public · listing (stock market) · stock market launch · flotation · stock market debut
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail investors.
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primary exit strategy for dot-com investors
The frenzy to take companies public, often regardless of profitability, created a speculative cycle where IPOs were viewed as guaranteed wealth generators.