Series 7 Exam Question 344: Answer and Explanation

Question: 344

The first time a company ever issues securities is called a(n)

  • A. IPO
  • B. first market trade
  • C. rights offering
  • D. None of the above

Correct Answer: A


A. An IPO (initial public offering) is the first time a corporation ever sells securities to the public. A first-market trade is a trade of exchange-listed securities trading on an exchange. A rights offering is when a company offers new shares to existing shareholders at a discount.

All content of site and practice tests © 2022 Jack.
Quick View

FINRA Practice Tests