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Ipo facts

What is an IPO?

Initial public offering (IPO) The first time a company sells stock to the public. An IPO is a type of a primary offering, which occurs whenever a company sells new stock, and differs from a secondary offering, which is the public sale of previously issued securities, usually held by insiders. Some people say IPO stands for "Immediate Profit Opportunities." More cynicIt's Probably Overpriced."

Reference: http://moneycentral.hoovers.com/global/msn/index.xhtml?pageid=1954

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