Meaning of the word ipo in English

What does ipo mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

ipo

US /ˌaɪ.piːˈoʊ/
UK /ˌaɪ.piːˈəʊ/

Noun

abbreviation for initial public offering: the first sale of a company's shares to the public:

Example:
Only 5 million shares were sold in the IPO.