A Follow-On Offering (FPO), also known as a Seasoned Equity Offering (SEO) or Additional Public Offering (APO), is a subsequent public issuance of stock by a company that has already gone public through an Initial Public Offering (IPO).
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In the financial world, an underwriter is a crucial party, usually a financial institution like an investment bank, that evaluates and assumes the financial risk of another party for a fee.