Question

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

Answer 1

This company is referred to as:

a listed entity.

Step-by-step explanation:

Gadget Twin Inc. becomes a listed entity when it raises capital through an IPO on the NYSE. This means that its share, stock, and debt securities are quoted or listed on a recognized stock exchange, and marketed under the regulations of the New York Stock Exchange. Therefore, Gadget's stockholders and investors can easily sell and buy the shares of the company at the secondary market of the NYSE without any effect on Gadget Twin Inc.