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Yossarian

It means Initial Public Offering. First sale of shares to the public business. Securities offered in an IPO are often, but not always, those of small young companies seeking external capital and a public market for their shares. The investors to buy the stock in the IPOs in general must be prepared to accept considerable risks for the possibility of large gains. IPOs by investment companies (closed-end funds) are typically composed of fees that represent a burden on the buyers of subscription.

16:06, 13 November 2013