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SNAP GK Test - 4
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Which of the following is the correct meaning of ‘IPO price’ in banking terminology?
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A
The price of share set before being traded on the stock exchange
💡 Explanation:
In banking terminology, IPO price refers to the price at which shares are offered to investors before they begin trading on the stock exchange. This is the subscription price determined by the company and lead managers. It is not the margin call notice (A), not the listing date (D), and not simply the quotation for trading commencement (B).