An initial public offering (IPO) is characterized by all of the following, except that ...
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An initial public offering IPO is characterized by all of the following, except that A it is available to individual investors before institutional investors. B it can result in losing the investment. C it has the potential to be sold later for a profit in the secondary market. D it is the first time offering of publicly traded stock by a corporation. 
An initial public offering IPO is characterized by all of the following, except that
A it is available to individual investors before institutional investors.
B it can result in losing the investment.
C it has the potential to be sold later for a profit in the secondary market.
D it is the first time offering of publicly traded stock by a corporation.
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