Q.Correct the underlined word and rewrite the following sentence:
FPO
refers to offering of shares to the public for the first time.

The underlined "FPO" is wrong; the offer of shares to the public for the first time is an IPO (Initial Public Offer).

A public issue of shares is of two kinds:

• IPO (Initial Public Offer): made by an unlisted company offering its shares to the public for the first time. After a successful IPO the company's shares get listed on a stock exchange. …

'FPO' is wrong; the correct term is IPO.

When an unlisted company offers its shares to the public for the very first time to get its shares listed on a stock exchange, this issue is called an Initial Public Offer, or IPO. It is the first step through which the company enters the capital market and its shares become available to public investors.

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