Difference between public issue and private placement
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An IPO is underwritten by investment banks, who then make the securities available for sale on the open market. Private placement offerings are securities released for sale only to accredited investors such as investment banks, pensions, or mutual funds.
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Answer:
An IPO is underwritten by investment banks, who then make the securities available for sale on the open market. Private placement offerings are securities released for sale only to accredited investors such as investment banks, pensions, or mutual funds
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