IPO

Initial Public Offering, when a private company first sells shares to the public.

An IPO is the process by which a private company offers shares to public investors for the first time, listing on a stock exchange. It is a major way companies raise capital and provides early investors and employees a liquidity event. Investment banks underwrite IPOs, setting the initial price through bookbuilding.

When the startup went public in its IPO, early employees finally cashed in their shares.