A broker-dealer is offering an IPO to the public. the broker-dealer is permitted to sell the shares to prospective customers and its existing customers
When shares of a private company are initially made available to the public as part of a new stock issuance, it's known as an initial public offering (IPO). Through an IPO, a business can raise equity funding from the general public.
IPOs give businesses the chance to raise money by selling shares on the primary market. Since current private investors often receive a share premium during the transition from a private to a public business, this might be a crucial period for private investors to completely realize rewards from their investment. The offering also permits participation from public investors.
To know more about IPO
brainly.com/question/14299897
#SPJ4