When a company “goes public in an IPO” what does that mean?

Kristel asks:
also, how does it reflect its financial statements??
ps,if possible id like details, thx in advanced!!
wtf????? this isnt homework!!!!!!
also, how does it reflect its financial statements??
ps,if possible id like details, thx in advanced!!
wtf????? this isnt homework!!!!!!
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An “initial public offering” is a way for a corporation to obtain large amounts of working capital (money invested) by offering shares of its stock to the public. This is a very complicated process involving private shareholders (and those holding options to buy shares), new investors, investment bankers, attorneys, accountants, brokerages, a selected stock exchange, the Securities and Exchange Commission, the state securities commission, and a whole lot of analysts who would love to get in on it.