Final answer:
Joshua's purchase of 100 shares from a technology company going public is an Initial Public Offering (IPO), a significant event for a company to raise capital and for early investors to exit. So the correct answer is option C.
Step-by-step explanation:
Joshua recently purchased 100 shares of an innovative technology company that is going public, this type of transaction is known as an Initial Public Offering (IPO). An IPO is a firm's first sale of stock to the public, which includes individuals, mutual funds, insurance companies, and pension funds.
This event is crucial because it provides the firm with financial capital to expand operations and also allows early-stage investors, such as angel investors and venture capital firms, to partially or completely exit their positions by selling their shares to the public. A student who recently purchased 100 shares of an innovative technology company that is going public is participating in an Initial Public Offering (IPO).
An IPO is the first sale of a company's stock to the public, allowing individuals to purchase shares and become shareholders. This type of transaction provides the company with financial capital to expand its operations and also allows early-stage investors, like angel investors and venture capital firms, to sell their part ownership of the company to the public.