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

Question

Business

Jorge Carr

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

+3

Answers (1)

Know the Answer?

Savanna Olsen · Answer 1

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.

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 corporationb. A closely held corporation

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