Assure pharma corp., a private corporation, sold its stock to raise the money it required for global expansion. as a result, anyone could buy, sell, or trade the stocks of the company. the process adopted by assure pharma corp. to raise money is referred to as

Initial public offering (IPO) refers to the practice of offering the public shares in a new stock issuance of a private corporation.

Explanation:

Initial public offering (IPO) refers to the practice of offering the public shares in a new stock issuance of a private corporation. The issuance of public shares allows companies to raise cash from public shareholders.

The transformation from a private business to a public corporation can become an important period for private shareholders to acknowledge their interest income fully, as it usually involves share prices for current private shareholders.

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