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Consider the following statements about Followon Public Offer (FPO)?
1. It is an issuing of shares to investors by a public company that is already listed on an exchange.
2. Followon Public Offer is both dilutive and Nondilutive types.
3. An FPO is essentially a stock issue of supplementary shares.
Which of the above statements are correct?
Only 1 & 2
Only 1 & 3
Only 2 & 3
All of the above
All statements are correct. A follow-on public offer (FPO) is an issuing of shares to investors by a public company that is already listed on an exchange. An FPO is essentially a stock issue of supplementary shares made by a company that is already publicly listed and has gone through the IPO process.
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