Initial public stock offerings provide a way to raise capital through
A. offering a partnership to someone with a lot of money to invest.
B. federally registered and underwritten sales of shares in the company.
C. the unadvertised sale of stock to acquaintances and friends of the owner.
D. the purchase of one company by another that is usually larger and better funded.
E. the merger of two different companies that agree to share ownership.
Answer: B
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