IPO (initial public offering)
Also called: initial public offering, going public
An IPO is the first time a company sells shares to the public, after which its stock trades on an exchange.
Investment banks underwrite an IPO: they help set the price, find buyers and earn a fee, usually a percentage of the money raised.
In Journey Shares
Listing someone is the game's IPO. The player who lists them earns an underwriting fee of 1% of every buy in the first week. →
Related terms
- Underwriter: An underwriter is the investment bank that manages a new stock or bond issue, pricing it and selling it to investors in return for a fee.
- Shares outstanding: Shares outstanding are all the shares of a company currently held by investors.
- Stock exchange: A stock exchange is a regulated marketplace where buyers and sellers trade shares, such as the New York Stock Exchange (NYSE) or Nasdaq.
Practise with $10,000 in play money
Free. No real money involved.
For learning only. This isn't financial advice.