问题如下：
A German company decides to raise new capital, and now gives a small number of qualified investors the opportunity to subscribe for the stock.This is an example of a(n):
选项：
A.private placement.
B.rights offering.
C.initial public offering.
解释：
A is correct. This is a private placement. The company is selling stock directly to a small number of qualified investors.
请问为什么不是rights offering?
