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First offering of a firms shares on the stock market at the time it goes public because a stock market Usually values of the stock on the expectations of the firms future growth and income
Usage;
If your company is about to go on the market than you need to hope many people take up your initial public offering
Initial public offering is the process by which a private company can go public by sale of its stocks to general public. It could be a new, young company or an old company which decides to be listed on an exchange and hence goes public.
First tym issue of shares happnes in primary market
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