Initial public offering or stock market launch is a type of public offering in which shares of a company are sold to institutional investors and usually also retail investors. An IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Initial public offerings (IPO), the first time that the stock of a private company is sold to the public, got a little crazy in the dotcom mania days of the 1990s.

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