Can a partnership firm issue an IPO?

No, a partnership firm cannot directly issue an IPO.

To issue an IPO and offer shares to the public, a business must be a public limited company.

Thus, a partnership firm can issue an IPO provided it follows below steps:

• Convert into a public limited company.
• Fulfil eligibility requirements set by the regulator and the stock exchange.
• Then proceed with an IPO to raise funds and get listed.

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