Question

Sally Rubber Co recently raised capital through an initial public offering (IPO). Its stock can now be purchased on the NYSE. This company is referred to as:

A closely held corporation
A publicly owned corporation

Answer 1

A publicly owned corporation

Step-by-step explanation:

Sally Rubber Co recently raised capital through an initial public offering (IPO). Its stock can now be purchased on the NYSE. This company is referred to as: A publicly owned corporation

A publicly owned or publicly traded company, is also known as publicly held or publicly listed company, which is a company whose ownership is belongs to the owners of shares or stock which are traded on the stock exchange or in over-the-counter markets.

Since Sally's stock can be bought on the New York Stock Exchange, it is obviously a publicly owned corporation.