Demat account is a short-form for Dematerialized account, and is used to hold financial securities like stocks, bonds, mutual funds etc. in electronic form. When you buy shares, they are credited to your Demat account in your name.
An Initial Public Offering (IPO) is the process by which a private company offers its shares to the public for the first time. By launching an IPO, the company transitions from being privately held to publicly traded, allowing investors to buy and sell shares in the stock market.
Hope Harbor Solutions had several strategic reasons for its IPO, including:
Raising capital for expanding its product offerings and developing new technologies.
Gaining access to a broader pool of investors to fuel further growth.
Expanding into new international markets, such as Europe and Asia.
Acquiring smaller technology firms to enhance its product suite.
Providing liquidity for early investors and company executives.
Increasing brand visibility and credibility in the global fintech space.
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