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

Business

1 answer:

Alenkasestr [34]2 years ago

4 0

Answer:

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 (<em>IPO</em>) and that stock is currently trading in a <em>public stock exchange</em> or the <em>Over-The-Counter market</em> (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.

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