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  • Principles and Practices of Banking - 1 (JAIIB)
  • When an unlisted company issues fresh securities for the ...
Multiple choice

When an unlisted company issues fresh securities for the first time, it is called

  1. initial public offering

  2. rights issue

  3. follow-on public offering

  4. bonus shares

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Initial public offering is the process of offering the stock of a company on a public stock exchange for the first time.

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