Megan: Hey, guys! I’m Megan Park from ABC Family‘s hit original series The Secret Life of the American Teenager, all new episodes Mondays. I’ve got your next Pop Quiz Challenge question. Let’s see what you know!
Facebook recently made a big announcement that it would be going public, allowing anyone to buy pieces of the company in what’s called an IPO.
What does IPO stand for?
A. Investment Potential Opportunity
B. Investment Public Official
C. Initial Public Offering
D. Immediate Public Opening
Take five seconds
Time’s up! The answer is “C.” IPO stands for Initial Public Offering, which is the first time a company allows the public to buy shares. Facebook’s IPO could be the largest ever. The company is looking to raise $5 billion.