Ask Question
13 July, 19:26

Gadget Twin Inc. recently raised capital through an initial public offering (IPO). Its stock can now be purchased on the NYSE.

This company is referred to as:

a. A publicly owned corporation

b. A closely held corporation

+3
Answers (1)
  1. 13 July, 19:40
    0
    The correct answer is letter "A": A publicly owned corporation.

    Explanation:

    A Publicly Owned Corporation or simply Public Company has sold stock to the public in an Initial Public Offering (IPO) and that stock is currently trading in a public stock exchange or the Over-The-Counter market (OTC). The ability to sell shares to the public is very important to these companies because it provides them with a source of capital to fund growth.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Gadget Twin Inc. recently raised capital through an initial public offering (IPO). Its stock can now be purchased on the NYSE. This company ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers