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Forums › ACCA Forums › ACCA FM Financial Management Forums › Opentuition Notes F9 Chapter 11
Good day,
I am kindly asking which of the two is an IPO? Public issue (Offer for Subscription) or Public Offer for Sale by Tender?
I am reading from a Study text and I cannot tell for certain which of the two is an IPO.
Please help.
Thank you.
Initial public offering (IPO) is a type of public offering in which shares of a company usually are sold to institutional investors that in turn, sell to the general public, on a securities exchange, for the first time. So, to me, is for subscription