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and most of the significant public offerings the company technically sells their shares to the underwriters...

and most of the significant public offerings the company technically sells their shares to the underwriters who then resell the shares to the public investors
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In IPO generally involves financial companies called Investment Bank which help company in going public, these investment banks are called underwriters. So, the company that wants to go public enters into a kind of contract with the underwriter who in turn helps the issuer to sell the shares to the public. So , technically speaking it is the underwriter who sells the shares on behalf of the issuing company. So , it imperative that the underwriter/s are chosen with due caution as a lot of success of the IPO depends on them.

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