public offering

noun
a sale of a new issue of securities to the general public through a managing underwriter (opposed to private placement ): required to be registered with the Securities and Exchange Commission.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
When shares in a company are sold to the public for the first time through an
  initial public offering.
Triangle has undertaken a second restructuring over the past five years, to
  prepare for a public offering.
The greed came from dreams of exponential growth and, sooner or later, a juicy
  public offering.
With an initial public offering looming next year, it needs to show that it can
  keep driving up its ad revenue.
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