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Gadget Twin Inc. recently raised capital through an initial public offering (IPO). Its stock can now be purchased on the NYSE.
This company is referred to as:

a. A publicly owned corporation
b. A closely held corporation

Respuesta :

Answer:

The correct answer is letter "A": A publicly owned corporation.

Explanation:

A Publicly Owned Corporation or simply Public Company has sold stock to the public in an Initial Public Offering (IPO) and that stock is currently trading in a public stock exchange or the Over-The-Counter market (OTC). The ability to sell shares to the public is very important to these companies because it provides them with a source of capital to fund growth.