首次公开发行 /shǒucì gōngkāi fāxíng/ meaning in English

initial public offering [initial public offerings]▼(first offering to members of the public of stock in a company)
noun
[UK: ɪ.ˈnɪʃ.l̩ ˈpʌ.blɪk ˈɒ.fər.ɪŋ] [US: ˌɪ.ˈnɪʃ.l̩ ˈpʌ.blɪk ˈɒ.fər.ɪŋ]