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What is an IPO?

Published On: Feb 02 2012 08:49:10 AM PST   Updated On: May 15 2012 07:53:56 AM PDT

What is an IPO and what does it mean for a company? Read on to find out.

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iStock / OlgaMiltsova

How is the price band decided? Most companies are free to price their shares, but some must request permission. The prices are decided by the company's board of directors after consulting a bookrunner.

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