To make an initial public offering (IPO), a company typically follows several key steps: First, it engages investment banks to underwrite the offering and help determine the company's valuation. Next, the company prepares a registration statement and prospectus, which outlines its business, financials, and risks, and submits these documents to the Securities and Exchange Commission (SEC) for review. After receiving SEC approval, the company sets an offering price and conducts a roadshow to attract potential investors before finally listing its shares on a stock exchange.
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