Initial public offering (IPO), also referred to simply as a "public offering" or "flotation,"'s when a company issues common stock or shares to the public for the first time. They're often issued by smaller, younger companies seeking capital to expand, but can also be done by large privately-owned companies looking to become publicly traded. In an IPO the issuer may obtain the assistance of an underwriting firm, which helps it determine what type of security to issue (common or preferred), best… (More on Ipo)