如题

问题如下：

Describe the process of going public by a private company.

(备注：原版书课后题原题。和真题的出题形式不同，大家做题时不用纠结题目形式，关注知识点原理即可)

选项：

解释：

Solution

Private companies can go public through a process known as the initial public offering (IPO). This means that the company is offering its shares to all investors for the first time. An investment bank (or group of investment banks) acts as the underwriter of the offering, meaning that they guarantee the sale of the shares for the issuer. Once the IPO process is completed, the shares are listed on an exchange and available for trading. Another way a private company can go public is through a direct listing (DL), which is a process that does not involve underwriters or the issuance of new shares.

Private companies can also go public indirectly by being acquired by another company that is already public or through a special purpose acquisition company (SPAC). A SPAC is a publicly-listed holding company created for the sole purpose of acquiring a private company.