Question

FPO refers to offering of shares to the public for the first time.

Hint:

Remember the acronyms: {I}PO = {I}nitial (first time). {F}PO = {F}ollow-on/{F}urther (subsequent times).

Answer 1

Step 1: Define the terms for public share offerings. Initial Public Offering (IPO) is the process by which a private company becomes a public company by selling its shares to the public for the very first time. Follow-on Public Offering (FPO) or Further Public Offering is when an already listed company decides to issue additional shares to the public. Step 2: Identify the context. The question refers to the offering of shares "for the first time," which is the key characteristic of an IPO.