Which of the following is a form an Initial Public Offering (IPO) can take?

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An Initial Public Offering (IPO) refers to the process by which a private company offers its shares to the public for the first time, allowing it to raise capital from public investors. Among the options provided, an "Offer for Subscription" is specifically related to the IPO process.

In an Offer for Subscription, shares are made available to the public, and investors can apply for these shares at a specified price during a defined period. This method is commonly utilized in IPOs to gauge market interest and secure the needed capital. Investors submit their applications, and if there is more demand than available shares, a pro-rata allocation may occur.

While the other options mention forms of offering or fundraising, they do not align with the specific characteristics of an IPO. A Private Offering refers to the sale of securities to a select group of investors and does not involve public investors. A Bond Offering pertains to debt instruments rather than equity, which distinguishes it from the nature of an IPO. A Market Offering is not a standard term associated with the IPO process and does not accurately describe a method of going public. Hence, "Offer for Subscription" is the proper form that relates directly to an Initial Public Offering.

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