What is IPO (initial public offering) in cryptocurrency?

An initial public offering (IPO) is the process when an organization offers its shares to an audience for the first time. Everyone can purchase a share in the company. Typically, companies seeking to raise capital to finance their plans and expansion launch IPOs. IPOs are important for crypto companies to enter the stock market and gain investor attention and access to a wide range of funding sources. An IPO helps to increase the popularity and credibility of a crypto company. Also, the sale of shares could allow crypto companies to attract and retain the best talent by offering equity-based compensation.