Initial Public Offering (IPO)
定义
An IPO is a company’s first sale of shares to the public, listing on a stock exchange and converting private equity into liquid, tradable stock.
它在融资中如何出现
The IPO is the largest exit path: it provides liquidity for investors and employees and gives the company access to public capital markets.
常见问题
How big must a company be to IPO?
There is no fixed rule, but modern tech IPOs typically involve hundreds of millions in revenue; smaller listings struggle for institutional attention.
What is a lock-up period?
A window after the IPO, typically around 180 days, during which insiders cannot sell shares.