Answer: Issuance of new shares by a public company after its IPO
Notes: A Follow-on Public Offer (FPO) occurs when a listed company issues new shares to the public after its Initial Public Offering (IPO). Companies use FPOs to raise additional capital by expanding their equity base. The process increases the total number of outstanding shares, potentially altering shareholding percentages. FPOs differ from IPOs, which offer shares to the public for the first time.
