The Niguria Power Co.is a private company looking to go public but it does not want to
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Question:
The Niguria Power Co. is a private company looking to go public but it does not want to involve an underwriter and no new capital needs to be raised. However, the company wants to be listed on an exchange allowing the existing shareholders to sell shares in the secondary market. Which of the following ways best describes how this private company can go public?
a) Initial public offering (IPO)
b) Special purpose acquisition company (SPAC)
c) Direct listing (DL)
Related Book For
Auditing A Practical Approach
ISBN: 9780730382645
4th Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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