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20 November, 03:39

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

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Answers (1)
  1. 20 November, 07:25
    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.
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Home » Business » 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
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